ASTANA, Kazakhstan, August 31. In total, 35 large foreign companies have moved to the country as part of the initiative to relocate foreign companies to Kazakhstan today, and work in this direction continues, the Prime Minister of the Republic of Kazakhstan, Alikhan Smailov, said, Trend reports.
During an expanded meeting of the AMANAT party faction, he said that thanks to the measures taken in 2022, a record level of foreign direct investment over the past 10 years, amounting to $28 billion, was achieved.
"To form a new investment cycle, we have implemented the Concept of Investment Policy until 2026. Under investment contracts, companies operating in priority sectors are exempt from paying taxes and customs duties and receive natural grants. To attract large investors, we have the opportunity to conclude an investment agreement with the provision of all available state support measures under individual conditions. At the same time, the investor also assumes certain obligations," Alikhan Smailov said.
According to him, the possibility of concluding an agreement on investment obligations, ensuring the stability of tax legislation, has also been introduced.
In order to attract additional investments in the oil and gas industry, starting in 2023, fiscal incentives have been introduced when concluding an improved modeling contract.
Summing up the data for the period 2019–2022, investments in fixed assets increased by 35 percent and reached 15.1 trillion tenge ($32.9 billion), said the Prime Minister.