Int'l financial institution: Kazakhstan offers an attractive investment climate
BAKU, Azerbaijan, Oct. 23
By Nargiz Sadikhova - Trend:
Kazakhstan offers an attractive investment climate and abundant resources in renewable energy and “high quality human capital”, President of European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti said, Trend reports with reference to EBRD.
“Kazakhstan offers some very significant opportunities. As the country makes more progress in its plans to accelerate privatization, there will be more and more opportunities,” he added.
Chakrabarti also highlighted Kazakhstan’s strong potential in many sectors and aspects.
“In addition to its geographical location at the crossroads of transcontinental trade routes connecting Europe and Asia and being a key component of the Belt and Road Initiative, the country also offers an attractive investment climate, abundant resources in renewable energy and 'high quality human capital',” the president said.
Having emphasized the EBRD’s long-term commitment as the country’s largest foreign direct investor outside the oil sector, he said that EBRD’s commitment also is demonstrated by its strong local presence.
“We have more than 50 offices away from our HQ here in London. But the single country where we have most offices of all, seven in fact, is Kazakhstan,” he said.
According to the president, this year the EBRD is once again on the course to deliver a strong result in Kazakhstan.
“The amount we have invested in the first three quarters of this year already has almost overtaken what we did over 12 months of 2018,” Chakrabarti said.
Follow the author on twitter: @nargiz_sadikh