Kazakhstan eyes investment from transnational companies
Baku, Azerbaijan, Jan. 31
By Elena Kosolapova – Trend:
Kazakhstan needs to attract transnational companies to integrate to global chains of production and distribution of goods and services, President Nursultan Nazarbayev said in his annual address to the country’s people.
In particular, the president noted the need for effective implementation of a joint investment program with China to establish production facilities in Kazakhstan.
He recalled that realization of six projects under this program has already started, and two of these projects have been launched, including the plant for SKD (semi-knocked-down) hybrid and electric vehicles made by China’s JAC.
Nazarbayev instructed to study the further expansion of production of electric vehicles for exporting them and create the necessary infrastructure.
The Kazakh president also instructed the government to develop an investment strategy by Sept. 1, 2017, and also develop a single export strategy.
Nazarbayev also instructed to create a council for the export policy, which has to include representatives of the business community.
He said the Kazakh government should double the non-oil exports by 2025.
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