ASTANA, Kazakhstan, May 16. Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held an interim meeting of the Council of Foreign Investors, which discussed topical issues related to the activities of investors in the country, their contribution to the development of domestic value, Trend reports.
In the course of the meeting, the Prime Minister emphasized the focus on close cooperation with investors to implement new projects in priority sectors of the economy, ensure deep localization, and expand employment.
“We are interested in working with you to create new productions in Kazakhstan that will contribute to employment growth and deep localization. It is important to unlock the potential of new areas of cooperation and implement breakthrough projects in priority sectors of the economy. We have created all the conditions for this. The Government of Kazakhstan is open to constructive dialogue and is ready to work together to find solutions that will contribute to the development of our country,” said Olzhas Bektenov.
During the meeting, reports of joint working groups were presented on the implementation of investment policy; healthcare and development of the pharmaceutical industry; energy, environment and oil and gas sector; labor legislation, human capital development; and digitalization.
Speakers noted that the upcoming work will focus on improving environmental regulation, cloud technologies, artificial intelligence, migration regulations, digitalization of processes in subsoil use, strengthening interagency coordination regarding the decline of the Caspian Sea level, and attracting investments and technologies to healthcare.
Furthermore, representatives from the ministries of national economy, energy, labor and social protection, digital development, innovation and aerospace industry, and healthcare commented on the issues raised by investors.
In Kazakhstan, a series of systemic measures are being implemented to improve the business climate. The Law "On Industrial Policy" has been adopted, which provides support for local suppliers and their integration into value chains.
“The Concept of Investment Policy has been updated until 2029, aimed at forming a sustainable business ecosystem. The National Digital Investment Platform has been launched, simplifying the stages of project implementation. Infrastructure support has been provided – investors are offered ready-made production sites in special economic, industrial, and small industrial zones. Work is underway to conclude long-term contracts and off-take agreements to load existing production facilities and attract new participants,” stated Prime Minister’s press-service.
Following the meeting, the Prime Minister instructed government bodies and organizations to work on the issues and recommendations raised.
