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Kazakh Invest and Akimat of Kostanay region signed a memorandum of cooperation Kazakh Invest and Akimat of Kostanay region signed a memorandum of cooperation

Kazakh Invest and Akimat of Kostanay region signed a memorandum of cooperation Kazakh Invest and Akimat of Kostanay region signed a memorandum of cooperation

Today in Astana, the Chairman of the Board of Kazakh Invest Saparbek Tuyakbayev and Akim of Kostanay region Archimed Mukhambetov signed a memorandum on cooperation to improve the investment attractiveness of the region. 

“Favorable conditions have been created for investors in Kostanay region, and Kazakh Invest renders support on all issues. Now there is an agreement on conducting punctual negotiations with specific foreign investors on regional projects. And in general, it should be noted that since the beginning of the year representatives of Kazakh Invest held negotiations with the largest companies from the 11 most attractive countries for investing. We have identified more than 60 new investors, and now we are starting active work with regional akimats to locate and localize these projects”, said Saparbek Tuyakbayev, Chairman of the board of Kazakh Invest.  

According to the memorandum, the Akimat of Kostanay region forms a list of “niche” projects that require investments, taking into account such criteria as availability of raw materials base, land resources, infrastructure provision, etc. Whereas, Kazakh Invest is engaged in the search and attraction of potential investors for the implementation of these projects. 

The parties agreed to promptly review investors’ appeals, accompany them, render services on the one-stop-shop principle and conduct joint monitoring of the implementation of investment projects that are received by the IRM (“Investors Relationship Management”) information system developed by Kazakh Invest.

During the workshop in Astana, projects involving foreign investors were also updated. At this stage, the list of Kostanay region investment projects includes 21 investment projects for a total of 146.1 billion KZT, of which over 80% are foreign investments. 

“We cooperate with Kazakh Invest to implement major anchor projects in the territory of Kostanay region. Now the Industrial Zone of 400 hectares is being built in the region. One of the first projects there will be localization of a project for the development of an automobile cluster “Allure Group of Companies” and a Chinese company “SMS” with a total investment volume of 1.1 billion USD. An agreement on this was reached during the recent visit of the Head of State to China”, said the Akim of Kostanay region Archimed Mukhambetov.

It is worth noting that the Akimat of Kostanay region has introduced an interactive investment map of the region, including information on investment projects and sites in the region, as well as the availability of affordable infrastructure and minerals. All information on the map is available in three languages: Kazakh, Russian and English on the site: www.map.investinkostanay.kz. The Council for attracting investors operates in the region, to support and examination of systemic barriers and problematic issues of potential investors in the region.

Background information: In the near future in Kostanay region a number of major investment projects is planned to implement. One of the largest projects is the creation of an agricultural hub for deep processing of grain and oilseeds, with a total cost of 81.4 billion KZT. The project is initiated by Kazmeal LLP, with the participation of Chinese investors. The estimated capacity is based for processing 600 000 tons of wheat (including 100 000 tons of flour, 100 000 tons of gluten and 350 000 tons of noodles), 120 000 tons of oil crops, and production of up to 1 million tons of mixed fodder. 

Also, within the framework of the visit of the Head of State, a number of agreements were concluded on the development of the machine-building industry in the Kostanay region. Thus, the Road Map was signed between Allure Group of Companies JSC, Chinese company China National Machinery Import and Export, Co (SMS) and Baiterek Holding. Within the framework of this project, it is planned to create a full-fledged automobile cluster (buses, trucks, electric vehicles), with a total investment of about 1.1 billion USD. In addition, a memorandum of cooperation was signed to organize assembly production of tractors in Kazakhstan with Agromashholding KZ JSC and YTO. The company YTO is the largest manufacturer of Chinese tractor equipment. Further, it is planned to sign a roadmap for the implementation of the project.

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