BAKU, Azerbaijan, January 28. The legislative framework for the Unified Subsoil Use Platform must be completed by the end of the current Parliamentary session, Kazakhstan's President Kassym-Jomart Tokayev said at an extended government meeting, Trend reports.
"Our country holds significant potential for the extraction and processing of rare and rare earth metals, including lithium, which is in increasing global demand. To capitalize on this, we must attract investment and cutting-edge technologies, targeting both foreign investors and local entrepreneurs.
Major foreign companies involved in geological exploration have entered the Kazakhstan market. The Unified Platform has been launched to ensure a straightforward and transparent distribution of subsoil use rights. The legislative framework for this platform must be completed by the end of this parliamentary session," he affirmed.
The President underscored that the overhaul in subsoil utilization continues to be a pivotal focus for the government.
"The progress on launching major industrial projects has been slow. We must synchronize this work with the repatriation of assets that were unlawfully taken abroad. I have already discussed this issue in meetings with the business community.
The need to develop mid-level, leading companies in the country remains a top priority. The government must finalize the plan for working with each promising medium-sized enterprise by the end of June this year," he added.
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