27 investment projects were launched in Kazakhstan in 2018

27 March, 2019 10:37

Given the support of the Ministry of Foreign Affairs of Kazakhstan and “Kazakh Invest” National Company, 27 investment projects with foreign capital of US $3.1bn resulting in 6 thousand workplaces were launched in Kazakhstan in 2018, the Foreign Ministry’s press release says.

At the moment “Kazakh Invest” Company monitors 157 projects involving foreign investors from 26 States totaling around US $40bn, with their full implementation creating over 45 thousand jobs.

The largest number of projects is to be found in the Almaty region – 27 projects for US $4.1bn, with the Karaganda region - 15 projects for US $2.1bn, the city of Nur-Sultan (previously called Astana) – 12 projects for US $4.1bn, the Kostanay region – 12 projects for US $2.2bn and the Aktobe region – 10 projects for US $1bn making up the top 5.

A new list of investors talks with whom on 180 projects have already started is drawn up. There are plans to bring into use an additional 27 projects and to attract over 100 new investors in 2019.

Kazakh Invest was established by the Government of Kazakhstan to attract and facilitate inward investments, with its core role is to establish ties between local companies and foreign investors, so fulfilling post-project support and coordination functions. The company is tasked to implement state support measures for industrial and innovative activities in attracting investments in the economy of Kazakhstan and has a wide network of representatives abroad.

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