Kazakhstan has attracted over $400 billion in foreign direct investment since independence, according to Deputy Prime Minister – Chief of Staff of the Government of the Republic of Kazakhstan Galymzhan Koishybaev, TuraNews.kz reports.
Koishybaev made the remarks at the international investment forum “Dushanbe Invest 2023” in Dushanbe, Tajikistan. The event was attended by more than 650 guests from 40 countries, including Prime Minister of Azerbaijan Ali Asadov, Deputy Prime Minister of the Russian Federation Marat Khusnullin, Deputy Prime Minister of Uzbekistan Jamshid Kuchkarov, ministers and heads of large companies from other countries.
In his speech, Koishybaev noted the progressive development of trade, economic and investment interaction between Kazakhstan and Tajikistan. He said that this was made possible thanks to the Presidents of the two states, who brought bilateral relations to a new level of strategic partnership and alliance.
Koishybaev also gave a striking example of interaction in the industrial sphere – the opening of a joint venture for the production of polypropylene packaging products “Asiapolitex” in the city of Khujand of the Republic of Tatarstan and the oil extraction plant “AKMEZ” in the Aktobe region of the Republic of Kazakhstan.
He also informed about the work to improve the investment climate of the Republic of Kazakhstan and improve investment support tools.
“Over the years of independence, over $400 billion of foreign direct investment has been attracted to Kazakhstan. Last year, their inflow increased by 18% and reached $28 billion. This is the result of painstaking work to improve the country’s investment climate and improve investment support tools. Thus, today our country provides for exemption from customs duties, various tax benefits, as well as in-kind grants. There is a visa-free regime for investors from 82 countries,” Koishybaev emphasized.
Favorable conditions for doing business are also provided in the Astana International Financial Center, which has no analogues in the post-Soviet space.
In general, 9 panel sessions were held within the framework of the forum, where investment opportunities in Tajikistan were presented in the fields of industry, agriculture, finance, tourism, and other areas in the context of the development of the “green economy” and digitalization of industries.
Deputy Akim of Astana, Erlan Bekmurzaev, spoke about the development of cooperation between the capitals of Kazakhstan and Tajikistan. Deputy Chairman of the Board of JSC National Company Kazah Invest Ruslan Ibraimov informed about the investment potential of Kazakhstan, preferences provided by the Government, and also invited business to actively expand investment cooperation.
In addition, representatives of the Kazakh delegation held meetings with the largest Korean, Arab and other corporations (SK super Concil, SK networks, Masdar, etc.).
