Session of Foreign Investors Council starts its work

The meeting is expected to discuss further measures to improve the investment climate in the country, protection of investors' rights, as well as issues of investment and technology transfer.

During the period of the first five-year industrialization plan, according to the estimates of the United Nations Conference on Trade and Development (UNCTAD), Kazakhstan entered the top 20 leading countries in terms of attracting foreign direct investment and ranks second among the countries with economies in transition.

Thus, according to the ministry, over 70% of all gross direct investments attracted in the manufacturing sector since 2005, or 14 billion U.S. dollars, account for the period of the FIID implementation. Presently, more than 100 projects are being carried out in cooperation with foreign investors.

Deputy Premier- Minister of Industry and New Technologies Asset Issekeshev and head of the European Bank for Reconstruction and Development Sir Suma Chakrabarti are expected to speak with presentation on the theme of the 27th plenary session of Foreign Investors Council under the President of Kazakhstan. 

Besides, leaders of member companies of the Foreign Investors Council will also speak during the session.

The Council, established in 1998 is aimed to provide and develop direct dialog with investors operating in Kazakhstan and settle the problems related investment activity promptly.