Today in Astana an interim meeting of the Foreign Investors Council under the President of the Republic of Kazakhstan was held with the participation of the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev.

The discussion covered issues of investment policy implementation, development of labor legislation, human capital and attracting foreign labor, energy, environment and the oil and gas industry. The course of preparation for the 32nd plenary session of the Council was also reviewed.

Reports on the ongoing work were delivered by Minister of Investments and Development Zh. Kassymbek, Minister of Labor and Social Protection of Population M. Abylkassymova, Deputy Minister of Education and Science B. Assylova, Chairman of the Kazakhstan Foreign Investors Council Association A. Preimanis, Co-Chairs from the foreign side E. Dosymbekov, Ch. Gomez, as well as the Director of the Kazakhstan Foreign Investors Council Association Zh. Baidasheva.

The meeting participants discussed areas being implemented jointly with foreign investors, and identified the outline of further work. Minister of National Economy T. Suleimenov, Minister of Finance A. Smailov, and Minister of Energy K. Bozumbayev commented on promising projects.

Recall, the Foreign Investors Council under the President of the Republic of Kazakhstan was established by decree of the Head of State in 1998. The Council consists of the heads of more than 30 foreign companies and international organizations. The main task of the Council is to develop recommendations and proposals on determining the main directions of Kazakhstan’s investment policy, improving the investment climate, improving the regulatory legal framework on investments, promoting foreign companies to diversify the economy, industrialize the manufacturing sector, develop small and medium-sized businesses, integrate Kazakhstan’s economy into world economic processes, as well as implement major investment programs and projects of international importance.

In order to further modernize and improve the competitiveness of the country, the Government of the Republic of Kazakhstan together with concerned state bodies is conducting systematic work to improve the regulatory environment, ensure the rule of law and the quality of public administration, reform the education system, taking into account the modernization and digitalization of the economy, develop human capital, and bring environmental legislation in accordance with OECD standards and ensure international competitiveness of Kazakhstan’s leading industries.

www.primeminister.kz

Published: 29 November 2018

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