Construction of 67 projects with participation of foreign investments will start in 2018 

Construction of 67 projects with participation of foreign investments will start in 2018 

Today, during the press conference at the Government of the Republic of Kazakhstan, Saparbek Tuyakbayev, Chairman of the Board of “Kazakh Invest”, announced the interim results on attraction of foreign investments in 2018. 

With the support of “Kazakh Invest” jointly with foreign investors, it is planned to start construction of 67 projects for USD 7,1 bn. in 2018 with the creation of more than 13,5 thous. jobs. 

Thus, in the 1st quarter, construction and installation works have been started on 6 projects involving foreign investors for the total amount of USD 539 mln. Implementation of these projects will create more than 600 jobs. One of the key projects is the production of extruded mixed fodders by Phoenix Commodities transnational company (UAE) in “Horgos-East Gates” SEZ in Almaty region for the total amount of USD 15 mln. 

In turn, the construction of 12 projects with participation of foreign investments, including the creation of 1,5 thousand jobs, will be started in the second quarter. 

In should be noted that “Kazakh Invest” is focused on attraction of investments for 50 specific “niche” projects worked out with “Deloitte”, with prepared business plans, marketing research and defined project environment. 

“The attraction of transnational companies is not only presentation and negotiations. Preparatory work shall be carried out first, because we need specific projects to invest the funds. Currently, we have prepared 50 new projects. We have defined targeted companies for each project. We have submitted this list to Ambassadors and our representatives abroad”, – Saparbek Tuyakbayev noted.

At the same time, in order to be involved in Kazakhstan projects, TNC should cooperate with the local companies. Currently, “Atameken” NCE jointly with the local consulting companies prepared the list of 100 potential local partners. They are mainly the companies operating in the food industry, agribusiness, machine engineering, pharmaceuticals and petrochemicals.

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