KAZAKH INVEST shared its experience in attracting investment at the OECD webinar
The Organization for Economic Cooperation and Development (OECD) organized a webinar to exchange practices between International Investment Promotion Agencies as a part of the OECD Eurasia Competitiveness Program.
The event was attended by the representatives of the Governments of Central Asian countries, OECD, as well as International Investment Promotion Agencies, including KAZAKH INVEST, Business France, Enterprise Georgia, TajInvest and Invest Turkey.
During the webinar, the sides discussed current measures to stimulate investment, focusing on appropriate institutional structures and strategies, the mechanisms to identify target investors and interact with them, as well as the methods to support investors at all stages of the investment cycle in new realities.
The discussion was based on an OECD Peer Review Report that analyzes Tajikistan's investment promotion approaches based on a survey of government officials and investors, offering recommendations of the OECD, including experts from Kazakhstan, Georgia and France.
Thus, the representative of the National Company Diana Ablyakimova briefed on the measures to attract investments in Kazakhstan and the main areas of activities of KAZAKH INVEST.
“Facing new realities, KAZAKH INVEST is introducing various innovative approaches in attracting investments, including through the exchange of experience with the world's leading investment attraction agencies. Having studied the best practices, on the principle of one stop shot, KAZAKH INVEST assists in the implementation of investment projects, provides consultations to foreign investors on entering the Kazakhstan market, and also assists in contacting state and local authorities,” Diana Ablyakimova said during the webinar.
Kazakhstan continues to be among leaders in the Central Asian countries in terms of foreign direct investment due to natural investment advantages, including geostrategic location, transit and logistics potential, rich resource base, international trade and investment agreements, and access to major world markets.
It is worth noting that according to the UNCTAD's World Investment Report 2021, Kazakhstan ranked second recipient of FDI among transition economies (after Russia), and also showed the largest growth in net FDI among 34 landlocked countries.
Furthermore, during the webinar, the Ambassador and Permanent Representative of Poland to the OECD, Chair of the OECD Eurasia Competitiveness Roundtable Alexander Surdej highlighted that the Central Asian countries have great potential to attract large investors in various sectors of the economy and stressed the need to further strengthen regional cooperation.
The webinar made it possible to build a constructive dialogue between the countries of Central Asia, the Eastern Partnership and the OECD on the issues of medium and long-term priorities in attracting investments.
Following the online meeting, it was decided to deepen the strategic partnership between the agencies and maintain the practice of exchanging experience in order to increase efficiency in implementing common activities to attract investment.