| The Investment Block of the Country Held a Meeting with the Business Community of the Pavlodar Region |

The Investment Block of the Country Held a Meeting with the Business Community of the Pavlodar Region

10.02.2023 The Investment Block of the Country Held a Meeting with the Business Community of the Pavlodar Region

Ardak Zebeshev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan and Meirzhan Yussupov, Chairman of the Management Board of “NC “KAZAKH INVEST” JSC arrived in Pavlodar region, where they met with the business community of the region and visited the working sites of several of industrial facilities.

During the meeting with the business community of the region Serik Batyrguzhinov, Deputy Akim of Pavlodar region delivered a welcoming speech, he called on entrepreneurs to actively implement investment projects.

Ardak Zebeshev, Chairman of the Investment Committee spoke about the tools to support investors. Therefore, according to him, since 2005, 19 investment contracts have been signed in the Pavlodar region for a total of 344.5 billion tenge. He also recalled the Investment Agreement (IA) introduced in 2021 for large strategic investors, which provides special conditions for investment.

In turn, Meirzhan Yussupov noted that the Pavlodar region has a high industrial potential and diversified agriculture, which makes it one of the most attractive regions for investors. There are opportunities for the development of the metallurgical and chemical industries in the region, and deposits of rare earth metals in the bowels. He recalled that in the National Pool of Investment Projects of the Republic of Kazakhstan, the Pavlodar region is represented by 20 projects for 755 billion tenge, including with foreign participation - 5 projects for the amount of 501 billion tenge. According to him, major projects in the fields of mining and metallurgy, chemistry and petrochemistry, agribusiness, tourism, construction industry, and mechanical engineering are being implemented by foreign investors from Korea, the United Arab Emirates, Switzerland, Germany (SAC, ANSA Silicon, EkibastuzFerroAlloys, Railcast Systems). The national company, for its part, assists the projects of the listed companies.

Aigerim Koilakova, the Head of the “One-Stop-Shop” group informed about investment preferences and mechanisms for supporting investors within the framework of the investment ombudsman. In 2022, the Pavlodar front office received 35 requests from investors to assist in the implementation of 35 investment projects.

In the period from 2014 to the 3rd quarter of 2022, gross FDI in the Pavlodar region amounted to $6.56 billion.

As part of the visit, the delegation visited the site of Ekibastuz FerroAlloys LLP, which is implementing a project for the construction of a ferroalloy plant. The cost of the project is 94.2 billion tenge. It is planned that the plant will be put into operation in the 4th quarter of 2023.

In addition, the delegation inspected the Railcast Systems production under construction in Ekibastuz for the production of forging and banding complexes. The manufactured products will be supplied to the domestic market and neighboring countries. The project implementation period is 2024, and the amount of investment is about 78.6 billion tenge with the creation of 570 jobs.

Also, they got acquainted with the production of solid-rolled railway wheels of Prommashkomplekt LLP. It should be noted that this is the only enterprise in Kazakhstan that produces such products. The company has created 726 jobs, products are supplied to the domestic and foreign markets.

Following the visit, further steps were identified to improve the efficiency of interaction between state bodies and organizations involved in attracting investments and working with investors.