A Discussion on Attracting Investments and Government Support Measures Took Place at the Akimat of East Kazakhstan Region
During the meeting, chaired by the Deputy Akim of East Kazakhstan region, Darkhan Sapanov, the Chairman of the Committee for Investments of the Ministry of Foreign Affairs of the Republic of Kazakhstan, Ardak Zebeshev, informed representatives of the Akimat and regional businesses that the Ministry of Foreign Affairs provides maximum assistance in implementing investment projects in the East Kazakhstan region.
For example, the National Pool of Investment Projects includes 26 projects from East Kazakhstan with a total value of 692.2 billion tenge, creating over 5,400 jobs.
In 2022, 9 projects were implemented from the regional pool of investment projects, with a total value of 72 billion tenge and the creation of more than 600 jobs. In the upcoming year, 8 projects are planned to be implemented with an approximate value of 76.8 billion tenge, generating more than 1,000 jobs.
In turn, the Chairman of the Board of "NC "KAZAKH INVEST", Meirzhan Yussupov, spoke about the activities of the National Company "KAZAKH INVEST". In particular, he emphasized that KAZAKH INVEST's task is to create favorable conditions for both foreign and domestic investors in Kazakhstan.
"The company acts as the sole negotiator on behalf of the Government for investment matters. With a network of regional and international representatives, we provide a full range of services to support investment projects following the 'one-stop shop' principle: from the idea to implementation, as well as during the post-investment period," emphasized the head of the national company.
According to Yussupov, in 2022, $2.2 billion of investments were attracted to the East Kazakhstan region, which accounted for 93% of the annual target ($2.38 billion), slightly falling short of the target. The planned target for 2023 is $2.44 billion. During the first quarter of this year, the inflow of foreign direct investments to the region amounted to $781 million, reaching 32% of the annual plan.
KAZAKH INVEST's service block, operating on the "one-stop shop" principle, continuously supports investors and their prospective projects.
During the meeting at the regional Akimat, Aigerim Koilakova, the head of the "one-stop shop" group at KAZAKH INVEST, provided insights into the functionality of the service support system. This system includes informational and legal assistance, as well as assistance in concluding investment contracts. She elaborated in detail on the new measures of government support for investments, such as investment agreements and tax credits.
During the delegation's visit to East Kazakhstan, representatives from Astana familiarized themselves with the operation of several industrial facilities. In particular, the investment team visited the companies "TOO Altai Mai" and "TOO Altyn Shyghys", which produce oil extraction products.
