Kazakhstan gets huge foreign funds for over 60 new projects

Business Materials 6 April 2018 17:39 (UTC +04:00)

Baku, Azerbaijan, April 6

By Ali Mustafayev – Trend:

In 2018 Kazakhstan plans to start the implementation of 67 projects worth $7.1 billion with participation of foreign investments and the creation of more than 13,500 jobs, said Saparbek Tuyakbaev, Chairman of the Board of Kazakh Invest at a press conference of the Kazakh government, the press service of Kazakh Invest said in a message.

The projects will be implemented with the support of Kazakh Invest, jointly with foreign investors.

"In the first quarter of 2018, we started the implementation of 6 projects worth $539 million, involving foreign investments. The implementation of these projects will create more than 600 jobs. One of the key projects is the production of extruded mixed fodders by the Phoenix Commodities (UAE) transnational company worth $15 million in the "Khorgos - Eastern Gate" special economic zone," Tuyakbaev said.

In the second quarter of 2018 we will start the implementation of 12 projects involving foreign investments and the creation of 1,500 jobs.

Presently, Kazakh Invest works on attraction of investments for 50 specific projects developed by Deloitte, with determination of ready-made business plans, marketing research and conditions for implementation.