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Almost 4,000 jobs have been created as part of 449 investment projects worth $63.2 billion - KAZAKH INVEST

The national company KAZAKH INVEST is a single negotiator on behalf of the Government of the Republic of Kazakhstan when discussing the prospects and conditions for the implementation of investment projects.

KAZAKH INVEST, on the one-stop shop principle, renders public services to investors, including the measures of state support of investors in the form of investment preferences, obtaining various permits required for the implementation and further operation of investment projects.

Moreover, there is a hotline for investors that provides 24/7 service support. Since the beginning of this year, there have been more than 1600 requests. The company also includes a network of foreign and regional representatives. 213 delegations visited us. That was announced by Marat Essenov, Deputy Director of Service Support Department of Kazakh Invest JSC.

Efficient interaction of employees includes targeting approaches and provides support of investment projects at all stages of project implementation, both at the stage of external negotiations, searching for potential partners, and at the stage of their implementation with subsequent prompt solving of urgent problematic issues.

“Today the Pool of Investment Projects includes 449 projects worth $ 63.2 billion. Including, 144 projects ($ 8.6 billion) have been implemented and are under post-investment monitoring, 79 projects ($ 15.3 billion) are underway, 55 projects ($ 17.8 billion) are under development, as well as 171 investment proposals are prepared (these are niche projects).

Since the beginning of this year, 27 investment projects with foreign participation in the amount of $ 2.5 billion have been put into service of the total pool of projects. Almost 3,900 jobs have been created. Also, by the end of the year, 16 projects with foreign participation in the amount of $ 2.2 billion are expected to be commissioned, including “Modernization of pharmaceutical production in Shymkent city” - Polpharma (Poland, $8 million), production of screw pumps in Mangystau region - PCM ($ 5 million), it is also expected to launch 3 renewable energy projects in Turkestan and Kostanay regions in the amount of $ 104 million. Karaganda region (Tatneft, $ 273 million), soda ash production in Zhambyl region (Yildirim Holding, $ 320 million), fruit production and processing in Almaty region (Inoks Capital, $ 82 million), construction materials production in Almaty (Panelsan, $ 47 million) and others,” the speaker emphasized.

The representative of the company also added that since 2017, a key investment event of Kazakhstan - Global Investment Roundtable, has been held annually. This event serves as an effective dialogue platform for the state and the international investment community. This year the Roundtable is taking place on December, 7 in both online / offline formats.