French investors familiarized with Kazakhstan’s investment possibilities
Cannes hosted the Kazakh-French forum, with the investment potential and investors’ state support measures, the digitalization’s growing role in economic modernization, new opportunities in the light of evolving alternative energy were on the agenda, “Kazakh Invest” National Company’s press office informed.
In his speech, the “Kazakh Invest National Company Deputy Chairman informed on the advantages to do business in Kazakhstan, the longstanding preferences the country provides for foreign investors and the Company’s role in attracting foreign investments
“Kazakh Invest”, being widely represented abroad and the country’s regions, provides a full package of services to support investment projects from ideas to their practical realisation during the post-investment period using the “single window” principle”, he said.
Over 100 attendees rolled up for the event, including a Kazakh delegation led by Vice Minister of Digital Development, Defense and Aerospace Industry of Kazakhstan Daryn Tuyakov, Kazakh ambassador to France Zhan Galiyev, AIFC Governor Kairat Kelimbetov, member of the Board of Directors at “Kazakh Invest” National Company François Bernard, as well as AIFC, “Zerde” National Investment Holding, the local executive government and Kazakh business communities’ representatives. France was represented by the leading companies like Fonroche, CNCR Group, BPI France, Urbasolar, ECM Greentech, “MEDEF” Association.
The possibilities of expanding the bilateral cooperation in priority economic sectors defined by the two Presidents during the meeting in Brussels in October last year were under discussion.
Kazakhstan implements projects in the following spheres, they are machine building, wholesale and retail trade and the chemical sector, for a total amount of US $350mln, with over 500 people receiving permanent workplaces.
The gross influx of investments from France to Kazakhstan has made up US $14.4bn in the period from 2005 to the 3rd quarter of 2018. The external trade turnover between Kazakhstan and France equaled US $4.5bn in 2018, a 32.5% growth compared with 2017. In the previous year, Kazakhstan exported goods for US $3.8bn to France, by one third more than in 2017. The exports include crude oil (US $1.4bn – 98.7%), uranium (0.9%), meanwhile Kazakhstan imported goods for US $535.2mln, including human vaccines (US $21.2mln – 8.1%), drugs (US $20.8mln – 8%), herbicides and plant-growth regulators (US $13.9mln – 5.3%).
