19 Oct 2022 12:26

Fifty-six companies that left Russia intend to relocate businesses to Kazakhstan - Kazakh PM

ASTANA. Oct 19 (Interfax) - Fifty-six companies that have left Russia intend to relocate their businesses to Kazakhstan, Kazakh Prime Minister Alikhan Smailov said.

"We have made a list of the largest of these companies; there are more than 300 of them. Relevant work was conducted with them to inform about the possibilities of their operation in Kazakhstan. As of today, 56 companies from that list expressed their intention to work and relocate their offices to Kazakhstan. We are now doing substantive work with them on the terms, timeline and places of their relocation," Smailov told reporters in the parliament on Wednesday.

"Some companies have thus far made positive decisions and have already relocated their offices. Large international companies such as Honeywell, inDriver, Fortescue, Marubeni, and others," he said.

Talks with Toyota on the relocation of its production facilities to Kazakhstan continue, he added.

Smailov said he is talking about the relocation of production facilities for companies that have left Russia and their regional offices.

"Our task is to draw as many of their production facilities to the territory of Kazakhstan as possible. Moreover, we have all instruments that we use for both domestic and foreign investors [...] These include certain tax preferences, regulatory preferences. Plus support from local bodies of executive authority in terms of infrastructure," the prime minister said.

Production facilities and offices of relocated companies should be all over Kazakhstan, he said.