KAZAKH INVEST summed up of the results of the first half of the year
With the assistance of National Company KAZAKH INVEST JSC, 4 projects were commissioned with a total value of USD217 million, building and installation works were started for 12 projects worth USD1.7 billion, another 34 projects worth USD7.1 billion went into the active phase of implementation - these are the results of the activities for the first half of 2019
KAZAKH INVEST summed up the results of the first half of this year. For 2019, specific tasks were set: to assist in the commissioning of 30 projects for a total amount of USD2 billion and to give rise to building and installation works for 35 projects worth USD4 billion. About 40% of the total number of projects planned for commissioning account for new sectors of the economy - renewable energy and information and communication technologies. It is planned that in 2019 solar power plants will be commissioned with a total capacity of at least 400 MW, 90 MW of wind power plants and 25 MW of hydro power plants. The total cost of electric power plants planned for commissioning will be USD680 million.
In May of this year, KAZAKH INVEST organized the Third Annual Global Investment Roundtable “Kazakhstan Global Investment Roundtable” (KGIR-2019). KGIR-2019 was attended by more than 1,100 participants, including the leaders of the largest world companies and domestic business, international experts, representatives of international and state organizations. Including about 600 guests are foreign participants from 41 countries of the world (USA, UK, Germany, France, Italy, Turkey, India, Singapore, Korea, UAE). Among them are top management of such global companies as: Cisco, Nokia, CITIC Bank Corporation, WILO SE Group, AGCO Corporation, Valmont Industries, Tyson Foods, Yildirim Group "And other companies. The participants reached investment agreements and signed 41 documents for a total of USD8.2 billion.
The company, defined by a single negotiator with investors on behalf of the Government and operating on the principle of “single window”, has built a “soft infrastructure” for investors: systematic work has been established to clarify Kazakhstan laws and procedures, transparency of decision-making, and reduced administrative burden.
It is worth noting that on August 13, 2019, the Government of the Republic of Kazakhstan approved a new procedure for organizing work with investors on the basis of the “one-stop shop” principle, as well as the rules for interaction when attracting investments. The mechanism for working with investors is built on three levels: front offices of the external, central and regional levels.
Today, the Unified National Interactive Internet Resource invest.gov.kz is functioning in Kazakh, English and Russian languages. The website not only provides the necessary information about the investment climate, opportunities in priority sectors and projects requiring investment, but also implemented the function of sending requests. A call center for investors is available around the clock +77172620620, which has provided more than 1200 consultations to investors. As part of the activities of the Investment Ombudsman, KAZAKH INVEST received 35 requests from investors regarding issues arising in the course of investment activities, of which 7 were resolved positively, 2 more were clarified in accordance with the current legislation, 26 ones are in progress.