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Issues of attracting investments at the regional level discussed in Nur-Sultan

Issues of attracting investments at the regional level were discussed as part of the seminar at the AIFC site in Nur-Sultan. The event, organized by the Astana International Financial Center with the support of NC KAZAKH INVEST JSC, was attended by deputy akims of regions and cities Nur-Sultan, Almaty and Shymkent, Vice-Ministers of central government agencies, Heads of Administrations and investment experts in regions, Heads of structural units of central government agencies and competent organizations, as well as representatives of regional organizations on investment attraction.

The Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Yermek Kosherbayev spoke about the created Three-Level System for attracting investments at the external, central and regional levels and Investor's Map jointly developed with KAZAKH INVEST which will help determine the investor's expectations, as well as identify key issues which they may face in the course of their activities.

Yermek Kosherbayev noted that for the effective implementation of the instructions of the country's leadership and the National Investment Strategy, it is important to arrange the work at the regional level. “In the system of attracting investments, which has been created to date, a key place is given to work at the regional level. It is necessary to ensure effective work at all stages of working with investors, only then the integrated efforts will bring the desired result”, said the speaker.

Ulbosyn Sarybayeva, Managing Director and Director of the Department for Interaction with Regions, made a presentation on the role of the national company in making investment proposals, promotion and support of investment projects, as well as on the company’s service support, consulting and legal support for investors.

“Attracting investment in the country is a large-scale and multi-level process, involving central and local government agencies, financial organizations and directly business. Not only the investment climate and environment, but even the socio-economic indicators in the state as a whole depend on how actions are well-coordinated, business processes are streamlined, since investments are not only new companies and enterprises, but also new jobs, and the growth of job skills for domestic personnel, creating access to better goods and services”, the speaker noted during the seminar.

The key goal of this seminar was to train the people involved in attracting investments, as well as to increase the efficiency of interaction between government agencies and service providers which render services to investors on “one-stop-shop” basis.

Seminar participants got acquainted with the AIFC activities, and also gained practical knowledge and skills in the preparation of investment projects.