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UKEF will provide a complex support package for Kazakhstan investments in the total amount of 3 billion US dollars

UKEF will provide a complex support package for Kazakhstan investments in the total amount of 3 billion US dollars
Astana hosted the meeting of the Chairman of Kazakh Invest Board of Directors – Saparbek Tuyakbayev – with the chief executive director of United Kingdom Export Finance (Export Credits Guarantee Department), Department of International Trade general director – Louis Tailor.

The following persons were also present at the meeting: firs secretary of UK Embassy in the Republic of Kazakhstan – Edmund Marler, UKEF regional director in CIS countries and Asia – Vomik Nur-Shakh, deputy director of the International Trade Department of UK Embassy in the Republic of Kazakhstan – Olga Protassova, head of economic department of the Republic of Kazakhstan Embassy in the UK – Anuar Kurzhikayev, specialist of the state international trade department of UK Embassy in the Republic of Kazakhstan – Gaukhar Zhunussova.

For reference: UKEF is a British governmental organization under the jurisdiction of UK Ministry of trade and industry, which performs functions of export-crediting agency. It operates in the UK in accordance with the Law on export guarantees and foreign investments 1978.

In the course of the meeting Louis Tailor told about complex package of support for investments to Kazakhstan in total amount of 3 billion US dollars and highlighted several sectors for investment including processing of agricultural products, transport infrastructure and export production.

Kazakh Invest Chairman – Saparbek Tuyakbayev – in his turn told about the work being held as to improvement of legislation and taxation in the Republic of Kazakhstan, about investment guarantees, stable rate system and Kazakh Invest role as a sole negotiator on behalf of the Government. In the course of the meeting Saparbek Kurakbayevich having emphasized importance of UKEF financing in Kazakhstan stated such new areas of development as sewage systems and irrigation systems (watering).

At the end of the meeting the decision was taken to send to UKEF a list and information about priority projects, which need financing, as well as to sign a framework agreement between UKEF and Kazakh Invest within frames of investment forum on the 2nd of October in London.
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