Prime Minister Askar Mamin meets with foreign investors

Prime Minister of Kazakhstan Askar Mamin met with representatives of major foreign investors — Blackrock, Capital Group, Aberdeen Asset Management, Sands Capital, Luxor Capital and Lugard Road Capital at the Astana International Financial Center.

Investment opportunities of Kazakhstan and prospects for expanding the presence of foreign capital in the country and the region were discussed. Special attention was paid to the infrastructure of the Astana International Financial Center, which is unique for the region.

The Head of Government noted the growing investment attractiveness of Kazakhstan against the background of the confident recovery dynamics of the economy.

Following the results of ten months of this year, GDP growth accelerated to 3.5%. The highest rates of recovery were achieved in construction (+7.6%), manufacturing (+5.3%) and services (+3.4%).

Against the background of active economic recovery, there is an increase in the inflow of foreign direct investment. So, according to the results of the first half of 2021, the volume of FDI in the economy of the Republic of Kazakhstan increased by 30.4% and amounted to $11.1 billion. the volume of investments in the financial sector increased by 12.1%.

Representatives of foreign companies stressed that one of the positive signals for foreign investors was the successful IPO of Kaspi.kz on the London Stock Exchange and AIX in 2020. At the same time, the focus of foreign capital on the implementation of ESG principles and decarbonization, taking into account current global trends, was especially emphasized.

The prospects for the implementation of the program of privatization of state assets of the Republic of Kazakhstan were also considered.

The meeting was attended by Director of Emerging Markets in Europe and Senior Portfolio Manager at Blackrock Christopher Colunga, Senior Portfolio Manager at Capital Group Arthur Kay, Senior Investment Manager at Aberdeen Asset Management Adam Montanaro, Portfolio Manager at Sands Capital Teeja Boye, President of Luxor Capital Douglas Snyder and Managing Partner of Lugard Road Capital Douglas Friedman.

From the Kazakh side, the negotiations were attended by the Chair of the Agency for Strategic Planning and Reforms - AIFC Governor Kairat Kelimbetov, Minister of Energy Magzum Mirzagaliyev, Minister of Digital Development, Innovation and Aerospace Industry Bagdat Mussin, Chair of the Board of Samruk-Kazyna JSC Almasadam Satkaliyev and others.

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