Kazakh official names priority sectors for raising investments (Exclusive)
Baku, Azerbaijan, Nov. 25
By Ali Mustafayev – Trend:
Priority areas for attracting foreign investments in Kazakhstan are ferrous metallurgy, non-ferrous metallurgy, agricultural chemistry, oil refining, oil and gas chemistry, and production of automobiles, food and electrical equipment, Larisa Jumagaliyeva, deputy chairman of the Investments Committee of the Ministry of Investments and Development of Kazakhstan, told Trend.
The most attractive sectors for investments are metallurgy, chemistry, oil refining, engineering and food production, she noted.
There is a package of incentives and government support measures in order to support investors implementing projects in priority sectors of the economy, said Jumagaliyeva.
She added that this package includes exemption from payment of corporate tax and land tax for 10 years, property tax – for eight years, compensations of investors' capital expenditures by the state, and others.
Kazakh economy’s priority sectors for investments are also defined by the State Program of Industrial and Innovative Development of the Republic of Kazakhstan for 2015-2019.