The Netherlands brings investments and new technologies to Kazakhstan

8 April, 2019 12:27

Creation of unique conditions for potential investors free of bureaucracy and cumbersome procedures remains one of the areas of the Kazakh Foreign Ministry’s activities in efforts to implement the government policy to attract investments, the Foreign Ministry informed.

Deputy Foreign Minister Mr Kosherbayev travelled to the Regional Investor Service Center and toured the Aktobe industrial zone, where he was briefed on its projects. He also responded to the questions of regional investors following a meeting of the Council for Improvement of the Investment Climate of Aktobe region.

Launching a greenhouse complex of Dutch Company Food Ventures and Green Capital Kazakhstan LLP was the visit’s highlight event involving Governor Ondansyn Urazalin, Ambassador Extraordinary and Plenipotentiary of the Kingdom of the Netherlands to Kazakhstan Dirk Yan Kop, Ambassador Extraordinary and Plenipotentiary of Hungary to Kazakhstan Andrash Barani.

This project is funded by KazAgro Corporation and Hungary’s Eximbank, with Food Ventures investing in constructing Green Capital Kazakhstan.

Investments for KZT3.5bn are planned for 2019, as well as the creation of 60 permanent workplaces. A greenhouse section with an area of 5 ha will be built, another two are planned for 2020-2021, with a total amount of investments standing at KZT8.6bn.

Along with funds invested in Kazakhstan, there was the transfer of technologies. The greenhouse was built using the latest five-generation technologies, an ultra-climate system, which is rolled out to a few farms in the Netherlands. Such a highly technological process will make it possible to increase crop production coupled with the ultra-modern principles of biological protection and recycling.

There are plans to promote the products in markets of Aktobe region, Nur-Sultan, Almaty, Shymkent and other regions of Kazakhstan and Russia, as well as to bring the share of export to 80%. Once full power is reached, the greenhouse will produce 12-15 thousand tons of vegetables.

“The First President of Kazakhstan – Yelbasy attaches special attention to attracting investments. Every condition for investors has been created in Kazakhstan, constant work to improve the investment climate is under way. In December 2018 the Foreign Ministry started up with attracting investments and expanding export coordination functions. Today, we work on an integrated ecosystem in the Overseas Establishments – Center – Region form”, Yermek Kosherbayev said.

Mr Kosherbayev was sure that the project would further strengthen the trade and economic relations between Kazakhstan and the Kingdom of the Netherlands.

Creation of unique conditions for potential investors, which are free of bureaucracy and cumbersome procedures, remains one of the areas of the Kazakh Foreign Ministry’s activities in implementing the government policy to attract investments. Regional investor service front offices are designed to this end. In this regard, Aktobe region is a good example as all the services are provided to investors on one spot under the one window principle.

Another know-how is the opening of the region’s representation office in China in a bid to attract investments and promote the products of Aktobe region to China’s markets.

The Netherlands is one of the largest investors in the economy of Kazakhstan, with over a thousand of companies involving Holland capital running in Kazakhstan. In the period from 2005 to 2018, US $82.8bn was attracted from the Netherlands, making up one third of the total inflow of direct foreign investments to the country.

The trade turnover equaled US $6.5bn between the two countries in last year, US $6.2bn for exports, and US $0.3bn for imports.

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