(gazeta.kz) - Kazakhstan is going to attract in the nearest ten years $30 billion for development of big oil fields, the country's economy will grow by 3.5 times, Nursultan Nazarbayev, President of Kazakhstan, stated speaking at a conference "Kazakhstan - a way ahead" in London, the presidential press service reports.
"The volume of direct foreign investments into the Kazakhstani economy is more than $50 billion. More than 80% of the direct foreign investments into Central Asia were made in Kazakhstan. 60 world states invested their money into the Kazakhstani economy. The development of big oil & gas fields in the nearest 10 years will attract $30 billion more," - he said adding that domestic investments amounted to $20 billion, reports Trend.
At the same time, the President stressed that Kazakhstan worked on creation of "an alternative industrial economy that would not depend on oil, gas, and other natural resources. It means not only achievement certain results, but also formation of a system of new economic valuesей. I mean creation of an economy based on the knowledge, the advanced development of production with high added values. The new strategy suggests integrated development of industrial, agrarian, scientific, and technological sectors of the economy. In perspective its implementation will allow to increase the national economy in the nearest ten years by 3.5 times," - he explained.
Mr. Nazarbayev observed that Kazakhstan was constantly working on improvement of the investment climate. "We implement the British Extracting Industries Transparency Initiative. 46 companies, 52 NGOs and NGO associations representing more than one thousand public organisations of Kazakhstan have already joined the EITI," - he reminded.
"I am convinced that a qualitative breakthrough in the Kazakhstani economy can be provided only with a national economy open for the outer world, as an organic part of the world market of commodities, services, workforce, capital, modern ideas and technologies," - he stressed.