Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Askar Mamin instructs regions to cooperate with AIFC to attract investment

Monday, 21 October 2019, 18:43:59

Prime Minister Askar Mamin chaired a meeting of the Coordinating Council on Attracting Investments at the Astana International Financial Center.

Minister of National Economy Ruslan Dalenov reported on the results of a hearing by central and local executive bodies and organizations on work to attract investments, Chair of Atameken National Chamber of Entrepreneurs Ablay Myrzakhmetov reported on import substitution and AIFC Governor Kairat Kelimbetov spoke about the approaches of the center to attracting investments in the regions.

At the meeting, it was noted that the national economy continues to show leading dynamics. According to the results of 9 months of 2019, growth rates were 4.3%. The International Monetary Fund raised its forecast for economic growth in the Republic of Kazakhstan in 2019 from 3.2% to 3.8%, in 2020 - from 3.2% to 3.9%. The Asian Development Bank raised expectations about the growth of the economy of Kazakhstan in 2019 from 3.5% to 3.7%. Moody’s rating agency raised the country's credit rating from stable to positive. The position of Kazakhstan in the Global Competitiveness Index of the World Economic Forum has been improved from 59th place to 55th.

Positive dynamics in the economic and investment policy of Kazakhstan was noted by the head of the European Bank for Reconstruction and Development for Kazakhstan Agris Preimanis and the director of the representative office of the Asian Development Bank in Kazakhstan Giovanni Capannelli.

One of the most important conditions for maintaining and building up the current economic growth rate is attracting investment and increasing the capital intensity of the Kazakhstan economy. By 2024, it is planned to bring the level of investment in fixed assets to 30% of GDP. To date, a pool of investment projects has been formed that will allow attracting over 41 trillion tenge of investments in 2020-2024. The main drivers of investment growth will be basic industrialization, agriculture, transport, tourism and trade.

“In order to ensure a faster pace of economic development, in accordance with the instructions of Elbasy Nursultan Nazarbayev and President Kassym-Jomart Tokayev, we need to qualitatively strengthen the work to attract foreign direct investment in the country,” Mamin said.

The head of Government ordered to improve the existing investment infrastructure, unify preferences for investors in special economic and industrial zones of the Republic of Kazakhstan, step up the development of public-private partnerships, and increase the share of export-oriented projects with high added value.

“We should better approach the issue of developing and preparing investment projects. For this, it is necessary to use the potential of consulting companies and international financial institutions such as the EBRD, IDB, ADB and others as part of the technical assistance provided to the country," Mamin said.

In order to increase investment activity in the regions, the prime minister instructed to study the implementation of projects structured under the AIFC law and using its jurisdiction.

“In the regions there are deputy akims who are directly involved in attracting investments. It is important to make maximum use of the existing potential and existing tools of the AIFC financial market. I believe that today's meeting of the Coordinating Council will allow us to launch a qualitative development of cooperation between the regions and the AIFC," said Mamin.

The head of Government instructed the central state bodies, national companies and akimats to ensure the fulfillment of the tasks set and the achievement of the approved target indicators for attracting investments.


News feed
27 September 2020, 17:48
Prime Minister of Kazakhstan Askar Mamin and President of Tatarstan Rustam Minnikhanov launch three projects in automotive industry 
25 September 2020, 16:35
Reorientation to fish farming, improvement of legislation and measures of state support — how fish industry developed in Kazakhstan
24 September 2020, 17:38
Prime Minister Askar Mamin holds seminar on development of country's fishing industry in Shardara 
24 September 2020, 12:14
Arman Shakkaliyev relieved as chair of Committee for Technical Regulation and Metrology of Ministry of Trade and Integration
23 September 2020, 17:50
Baiterek Holding increases financial support of manufacturing sector by 17% 
23 September 2020, 14:43
Astana EXPO-2017 wind power station to reach full capacity of 100 MW by end of 2020
22 September 2020, 12:12
Harvesting in Kazakhstan completed by 93.4% — Ministry of Agriculture 
22 September 2020, 11:16
Sixty-five public organizations for protection of consumer rights operate in Kazakhstan — Ministry of Trade and Intergation
22 September 2020, 10:05
Head of Government gives several instructions to strengthen consumer protection 
22 September 2020, 10:02
Export potential of harvest in Kazakhstan to reach 7.5-8 million tons of grain in 2020
21 September 2020, 16:51
Government session to be held Sep. 22 in Ukimet Uyi 
21 September 2020, 12:54
Government considers issues of mass sports development 
18 September 2020, 18:26
Issues of preserving jobs and timely payment of wages discussed in Government of Kazakhstan
17 September 2020, 18:56
Prime Minister Askar Mamin meets with President of Turkmenistan Gurbanguly Berdimuhamedov
17 September 2020, 18:45
Government of Kazakhstan discusses issues of social protection of disabled people
16 September 2020, 18:09
Yerlan Kiyasov appointed Vice Minister of Healthcare - Chief State Sanitary Doctor of the Republic of Kazakhstan
15 September 2020, 12:26
Work underway in Kazakhstan to saturate domestic market with basic products for stabilizing prices — Ministry of Agriculture
15 September 2020, 10:27
Price increase for socially significant food products will not exceed 6% by the end of 2020 — Ministry of Trade and Integration
15 September 2020, 10:07
Prime Minister of Kazakhstan Askar Mamin instructs to ensure strict control over stability of prices for socially significant food products
15 September 2020, 09:44
Under Industrialization Map in Kazakhstan, 206 projects worth 1 trillion tenge to be introduced in 2020
15 September 2020, 09:29
For 8 months of 2020, 4.3 thousand new jobs created under Industrialization Map — Ministry of Industry and Infrastructure Development
14 September 2020, 22:47
Introduction of Industry 4.0 in Kazakhstan, or how smart factories worked during quarantine period and global pandemic
14 September 2020, 18:42
Interdepartmental Commission adopts decisions on work of businesses
14 September 2020, 14:02
Government session to be held Sep. 15 in Ukimet Uyi
14 September 2020, 10:51
Strategic directions for development of Eurasian Economic Integration until 2025 considered at session of EEC Council
11 September 2020, 13:07
Prime Minister Askar Mamin introduces Minister of Emergency Situations Yuri Ilyin
10 September 2020, 23:45
Distance learning, epidemiological situation, provision of villages with Internet — how educational process organized in Kazakhstan
10 September 2020, 13:12
Production of electronics industry of Kazakhstan to increase 8.5 times over 3 years
09 September 2020, 15:06
Roman Sklyar pays working visit to Atyrau region
09 September 2020, 11:59
Ministry of Healthcare on CVI: In Kazakhstan, there is a 6-fold decrease in bed occupancy
09 September 2020, 11:31
Food production for 8 months of 2020 increased by 3.6% — Ministry of Agriculture
09 September 2020, 11:21
Market of Kazakhstan fully provided with petroleum products of domestic production — Nogayev 
09 September 2020, 11:19
In Kazakhstan, total volume of container transit traffic increased by 37% — Ministry of Industry and Infrastructure Development
09 September 2020, 11:02
Measures taken stabilized epidemiological situation in the country — Prime Minister of Kazakhstan Askar Mamin 
09 September 2020, 10:54
Following results of 8 months of this year, positive dynamics remains in basic sectors of economy
09 September 2020, 10:53
Government adopts National Plan for Implementation of Address of the Head of State to People of Kazakhstan
09 September 2020, 10:25
604 loans issued under Economy of Simple Things Program — National Bank
09 September 2020, 10:20
Following results for 8 months of 2020, state budget received 5.5 trillion tenge of revenues — Ministry of Finance
09 September 2020, 10:13
Growth in construction, agriculture and manufacturing industry — Ruslan Dalenov reports on results of socio-economic development for 8 months of 2020
09 September 2020, 10:06
Draft National Action Plan for implementation of President's Address includes 10 key areas
07 September 2020, 17:10
It is planned to double fines for violations in the field of environmental protection — Magzum Mirzagaliyev spoke about implementation of President’s Address
07 September 2020, 16:33
Digitalization of land relations to eliminate human factor, bureaucracy and corruption — Omarov on implementation of President's Address
07 September 2020, 16:27
Beibut Atamkulov on implementation of President's Address: Mechanism for subsidizing rent to be approved by the end of 2020
07 September 2020, 16:14
Government session to be held Sep. 9 in Ukimet Uyi
07 September 2020, 15:39
Focusing on industry and development of transport infrastructure in Kazakhstan — Roman Sklyar speaks about main aspects of President's Address
06 September 2020, 09:34
Video Digest: Main events of the week, No. 76
05 September 2020, 14:10
Session of EEC Council: Several issues of further development of Eurasian economic integration discussed
05 September 2020, 13:41
Production of stationary ventilators opened in Kazakhstan
05 September 2020, 03:37
Construction, Support for SMEs and Investment — how East Kazakhstan Region developed during the pandemic
05 September 2020, 01:46
Briefing to be held on measures to implement Address of the Head of State
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.