ASTANA, Kazakhstan, February 7. Kazakhstan is strengthening legal protection for businesses in the field of subsoil use through strategic partnerships, Trend reports via the General Prosecutor's Office of the Republic of Kazakhstan.
The General Prosecutor's Office of Kazakhstan held a meeting with the Kazakhstan Mining Chamber Association. The organization of this event stems from the instruction of Kazakhstan's President Kassym-Jomart Tokayev, aimed at supporting investment projects, assisting investors, and ensuring the protection of their investments.
As a result of the meeting with the association, a memorandum of mutual cooperation in the field of subsoil use was signed. Deputy General Prosecutor Zhandos Umiraliyev, noting the importance of attracting foreign investment and ensuring legal protection for investors, emphasized that the prosecutor's office is open to dialogue with the business community and ready to respond promptly to emerging issues.
"Our goal is to create conditions for sustainable economic development of the country and to increase investors' trust in Kazakhstan's legal system," said Umiraliyev.
The document aims to strengthen cooperation between the prosecutor's office and the business community to protect investors' rights and create favorable conditions for entrepreneurship development in the field of subsoil use. The memorandum also includes joint efforts to promptly address pressing issues faced by the association members and assist in removing administrative barriers.
To note, the Kazakhstan Mining Chamber Association represents the interests of geologists, developers, and producers of solid minerals in Kazakhstan. Its members include leading subsoil users in Kazakhstan with a total investment volume of $200 million, including large international companies such as Rio Tinto Group, Fortescue Metals Group, First Quantum Minerals, B2Gold Corporation, Eramet, and others. To date, prosecutors have already provided real assistance to 800 investors and rejected more than 700 decisions against them.