Kazakhstan, Astana, October 1 /Trend D.Mukhtarov /
Around $100 billion of investment is required for the mining sector of Kazakhstan, chairman of the board of Baiterek National Managing Holding, Kuandik Bishimbayev told journalists on Tuesday.
"The whole mining sector including ore mining, requires about $100 billion of investment by 2020," Bishimbayev said at the second meeting of the 'Improving the funding model of the Kazakhstan's industrialisation programme' which was carried out by Baiterek National Managing Holding.
According to him, for such a financial flow it is necessary to carry out a reconsideration of Kazakhstan's banking system.
"But not only the banking system can be a funding source, but also private investment both domestic and foreign and in part funds from the budget. So the sources are clear. Now it is necessary to create conditions for these investments to enter the economy," Bishimbayev said.