BAKU, Azerbaijan, Oct. 9
Trend:
Kazakhstan’s Prime Minister Askar Mamin spoke about projects to attract investments in fixed capital, Trend reports citing Kazinform.
"In order to ensure operational monitoring and coordination of work with investors, a council on attracting investors (Investment Headquarters) launched its activities. As part of the work of the Investment Headquarters, a pool of projects for 2021-2025 has been formed, consisting of nearly 3,000 projects, which will attract 44.7 trillion tenge ($110 billion) of investments in fixed capital," Mamin said responding to the question on the member of parliament.
According to him, the implementation of these projects is enshrined in the memorandums on attracting investments in fixed capital, concluded with the first heads of the central and local executive authorities for sectors.
"In order to stimulate competition for investments at the regional level, a rating of investment attractiveness of regions is used, allowing comprehensively assess the effectiveness of taken measures, as well as identify the best experience of cooperation with investors," the prime minister noted.
Special attention is paid to projects in priority sectors, implemented with the participation of foreign investors. The strategy defines two groups of industries for proactive investment attraction.
The first group covers industries with active potential, which are sources of competitive advantages of Kazakhstan in the short and medium term. Within this group, such industries as food processing, metallurgy, chemistry, petro-chemistry and mechanical engineering have been determined.
The second group covers industries in which investors may be interested in the long term. In this direction, the strategy defines such industries as information and communication technologies (ICT), tourism and finance.