Kazakh Invest activates work on attracting foreign investors

Today, within the framework of the press conference in the Government, Deputy Chairman of Kazakh Invest JSC Birzhan Kaneshev described how the work of the company will be organized in terms of the remarks and instructions of the Head of State announced at the meeting on the issues of the National Commission for Modernization on August 25.

As Birzhan Kaneshev noted, in accordance with the company's strategy, and in order to implement the Second Priority of the President's Address, the national company Kazakh Invest will organize work in three directions.

"First of all, foreign representatives are approved in the foreign block. They have already joined the work. Six to seven projects have already been received, corresponding to the priorities of our economy," said B. Kaneshev.

Also according to him, a lot of work has been done jointly with the Atameken NCE and the Ministry of National Economy.

"Secondly, we have prepared a whole package of documents that improve the business climate. The business climate and investment climate are inseparable concepts. When we do everything, it will be comfortable for investors, too," he explained.

Thirdly, local directors have been appointed in the regions, they have already joined the work. And the fact that regional representatives of the company occupy the posts of akim advisors gives them a unique opportunity to directly participate in all processes and solve all emerging problems in the shortest possible time.

However, some issues still remain unresolved, which is why Kazakh Invest management held 115 meetings in 16 regions, more than 170 questions were raised by investors. Of these, 30% have already been resolved, the rest are being worked out, B. Kaneshev said.

One of the results of the National Company's work is the creation of a unified database of projects.

"At last, together with the Atameken NCE we have formed a unified database of projects. We have 150 structured projects that have all the necessary documents and are offered to investors. Among them there are 39 projects, which are taken for special control by order of the Head of State," B. Kaneshev noted.

In conclusion, he stressed that Kazakh Invest is stepping up efforts to improve the country's investment climate and attract investments.

"On August 25 the Head of State gave a number of special instructions. The quality, number of projects, their compliance with the priorities of our economy - all of these aspects will be reconsidered. We will analyze the work of our company. In a short time, appropriate events will be organized," the Deputy Chairman summed up.

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