Today at the meeting of the Government of the Republic of Kazakhstan following the consideration of the issue of attracting investments, Prime Minister Bakytzhan Sagintayev gave a number of specific instructions to further improve the investment climate and increase the volume of attracted foreign investments in the country's economy.

During 9 months of this year, there was growth across all key indicators of attracting investments. New businesses and new jobs are being created. Investors at all levels are provided with state support measures. New approaches to attracting investment are being introduced. At the same time, the Prime Minister drew attention to a number of aspects that require additional work.

First. Special deputies of Akims were appointed to work with investors in the regions, in each region there are representatives of Kazakh Invest, investor service centers and regional investment offices. Thus, all the conditions have been created in the regions for effective work to attract investors. Akims of the regions are entrusted to improve coordination and interaction of all headquarters.

According to the Ministry of Investment and Development, in 2005–2017, $ 264 billion of foreign direct investment was attracted to the country. However, the volume of investments does not reflect the work on attracting private funds. In general, investment is growing in Shymkent - 275%, while the share of private investment is only 65%. The same situation is in the North Kazakhstan, Aktobe, Kyzylorda regions and Astana. In this regard, Prime Minister Bakytzhan Sagintayev drew the attention of Akims to the need to increase the volume of private investment. For this purpose it is entrusted to create comfortable conditions for private enterprises, entrepreneurs.

In addition, it is noted that in foreign missions, this work should also be strengthened and well coordinated. The main work of the embassies is investment attraction. It was entrusted to analyze the attracted investments of all embassies and KPIs of their work: from which country, with the help of which embassy how many investments were attracted.

Second. Investment forums held in the regions: following the results of each of them many memorandums and agreements on a number of projects are signed. Bakytzhan Sagintayev instructed to analyze and improve the quality of implementation of investment projects under the signed memorandums. Successful activity of enterprises gives an additional injection into the economy of the country.

Third. Foreign investors operating in Kazakhstan stay in the country with family members. Thus, there are often issues of their registration, the access of children to pre-school institutions, schools, the provision of medical care and other services. In this regard, the importance of the proposed project to centralize the service of all investors on one portal was noted.

www.primeminister.kz

Published: 23 October 2018

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