Seminar on the Explanation of State Support Measures was Held in Karaganda Region

Seminar on the Explanation of State Support Measures was Held in Karaganda Region

In the course of the seminar, it was discussed the mechanisms of support of investors within the framework of the investment ombudsman, as well as the issues of attraction of investments and support of business activities. Ardak Zebeshev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, Meirzhan Yussupov, Chairman of the Board of KAZAKH INVEST, and also representatives of the regional akimat, QazIndustryBaiterek National Holding, QazTrade Trade Policy Development Center, Atameken National Chamber of Entrepreneurs, and Damu Entrepreneurship Development Fund regional divisions participated in the seminar.

Karaganda Region is one of the industrially developed with such major transnational companies as Linde Group, Halliburton, and many others successfully operating there.

Meat and milk processing is another perspective direction of the region. Tourism is actively developing - investments are being made in the development of Lake Balkhash and the Karkaraly region.

From 2014 to Q3 2022, gross FDI in the Karaganda region amounted to $2.6 billion, of which $1.4 billion in manufacturing (53%), and $1.2 billion in other sectors (47%).

Chairman of the Investment Committee Ardak Zebeshev told the participants of the seminar that as a measure of state support and stimulation of attraction of investments in the economy, the Committee on Investment provides preferences through investment contracts. For instance, 36 investment contracts have been concluded in Karaganda Region since 2007 for a total amount of 768.2 billion tenge. Of them, 20 active investment contracts totaling 520.9 billion tenge and 9 completed investment contracts totaling 117.3 billion tenge.

Among the existing investment contracts of Karaganda Region, some of the largest projects are tire production in Saran town and the construction of a 100 MW solar power plant in Balkhash town of Karaganda Region.

As the Chairman of the Board of "NC "KAZAKH INVEST" JSC Meirzhan Yussupov mentioned, within the frame of executing the instruction of the President, the national pool of investment projects was formed in Kazakhstan, which currently consists of 930 projects worth 32 trillion tenge. 

The Karaganda Region has included 54 projects worth 2 trillion tenge in the national pool of investment projects. Almost 6,000 jobs will be created as a result of their launch. By the end of 2022, 18 projects worth 217 billion tenge will be put into operation. This year 14 projects worth 155.5 billion tenge will be implemented in the region.

Also during the seminar, Aigerim Koіlakova, the head of the KAZAKH INVEST «One-Stop Shop Group» spoke about the functionality of the service support system, which includes information and legal support, and the conclusion of the investment contract. New measures of state support for investments, such as the investment agreement, as well as the tax credit were covered in detail.

According to the results of 2022, Karaganda Front office received 41 appeals from investors on rendering assistance in the realization of 40 investment projects. The appeals concerned the procedures for registration of a land plot, conclusion of an investment contract, and submission of documents for participation in FEZ/IZ, etc. 

As part of a visit to the Karaganda region Ardak Zebeshev and Meirzhan Yussupov visited some industrial facilities in the region.

Source: Seminar on the Explanation of State Support Measures was Held in Karaganda Region

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