Foreigners plan to invest over $7 billion in Kazakhstan - vice-premier
ASTANA. Aug 22 (Interfax) - Kazakhstan has agreed to draw over $7 billion in foreign investments, Kazakh Vice-Premier, Industry and New Technologies Minister Aset Isekeshev said at the Monday meeting of the government.
"The country's investment appeal is being improved constantly by the order of the chief of state. A number of drastic institutional and systemic legislative measures have been taken. The institutional measures include the establishment of the KAZNEX Invest export and investment company, which interacts with more than 9,000 foreign investors and works on 200 projects with their participation. There is an agreement to draw over $7 billion in foreign investments," he said.
"Our research revealed 20 countries and 140 large transnational corporations - world technological leaders as potential investors in Kazakhstan. There is an investment drawing plan for each country and each company," Isekeshev said.
"The national plan of drawing investments, which the government will discuss in September and start to fulfill, includes serious measures, such as stable laws for investors in the mining industry and preferences for investors in strategic industries and projects," he said.
"The most important is that the plan regulates the work of state bodies, from our embassies to border and customs services, heads of central agencies and regional authorities. Every ambassador, minister and head of a state holding, a national company or a district will have his own target in drawing investments," Isekeshev said.