19 memorandums signed in Kazakhstan's Kostanay region

Business Materials 13 October 2018 14:42 (UTC +04:00)

Baku, Azerbaijan, Oct. 13

By Rashid Shirinov – Trend:

As many as 19 memorandums totaling 251 billion tenge were signed at the Kostanay Invest 2018 second international investment forum in Kazakhstan, Kapital.kz reported.

They include a memorandum between the administration of Kostanay region and the Chinese company Hangteng Auto Co. Ltd. on the organization of passenger car production in the region, a memorandum with AYTEI GROUP Company LLP on the construction of a plant for stone cutting and processing, production of table-tops, bathroom sinks, tiles for decoration in the region, as well as a road map between the region’s administration and Bio Grain LLP on the construction of a hub on grain and oilseed processing.

"Improvement of the investment climate, open dialogue with investors, and improvement of infrastructure to attract investment are the main priority of the work of Kostanay region’s administration," said the Governor of the region Archimed Mukhambetov.

The main purpose of Kostanay Invest 2018 forum is to reveal the investment opportunities and export potential of the region, as well as to discuss the most pressing issues in the field of attracting investment with the participation of all interested parties.

The event is held for the second time and has already established itself as an effective platform for considering investment opportunities in Kostanay region in four sectors of the economy: agriculture, mining and metallurgy, machine building and tourism.

The forum was attended by heads of national companies, representatives of government agencies, development institutions, international financial institutions and companies. The total number of participants from other regions and countries exceeded 100 people.

The official exchange rate on October 13 is 370.03 KZT/USD.