Baku, Azerbaijan, July 11
By Nargiz Sadikhova - Trend:
The goal of annual increase of gross foreign direct investments from $24 billion in 2018 to $34 billion in 2024 was set in Kazakhstan, Trend reports with reference to the press office of Kazakh Invest company.
This sum was announced at the meeting of Coordinating Council on Investments Attraction.
Institutional and legislative measures on increase of investments in the fixed capital up to 30 percent to the GDP of the country were also discussed during the meeting.
It was noted that private-public partnership should become an efficient measure of attracting investments in economy sphere and that focusing investments on the projects that provide for vertical integration of existing ventures is an important driver of diversification.
Key indicators of investments attraction efficiency for reaching the goal of investments to GDP ratio will be developed for central and local executive bodies.
“Economy development goes hand in hand with attracting investments. Our main goal is to double the volume of investments,” Prime Minister of Kazakhstan Askar Mamin said.
Following the meeting, a new roadmap for investments attraction to Kazakhstan was approved.
(1 USD = 384.46 KTZ on July 11)
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