Kazakhstan increases inflow of foreign investments

Business Materials 27 February 2018 15:38 (UTC +04:00)

Baku, Azerbaijan, Feb. 27

By Ali Mustafayev – Trend:

Kazakhstan plans to implement 145 projects involving $47.8 billion of foreign investments in 2018, the Chairman of the Board of Kazakh Invest (National Company for İnvestment Support and Promotion) Saparbek Tuyakbayev said at a meeting of the company’s board.

He added that the regions of the country will initiate the construction of 15 projects with participation of $1.6 billion of foreign investments, as well as, commissioning of 23 projects worth $3 billion.

“The largest number of investment projects are planned to be commissioned are accounted for Almaty region - 5 projects ($179 million), South Kazakhstan region - 5 projects ($1.9 billion), Almaty - 5 projects ($187 million), Astana - 2 projects ($244 million) and Kostanay region - 2 projects ($14 million),” Tuyakbayev said.

Kazakh government also aims to attract implement 17 large projects worth $16.4 billion with the signing of a binding document with foreign investors.

“We have prepared 50 projects with Deloitte company, to attract new wave of foreign investments. Investment proposals comply with international standards and are currently in progress,” Tuyakbayev added.

Kazakhstan also prepares new investment proposals with the involvement of international advisors, including pother Big Four participants.