Kazakh Foreign Ministry’s Ambassador-at-large: Italian investment in Kazakh economy grew by 15% in 2018

Ambassador-at-large Mr Yerlan Khairov has underscored that 2018 saw a 15% growth in Italian investment.

He has pointed out the importance of increasing the awareness of foreign investors about investment opportunities and conditions within the country.

“There is National Company KazakhInvest, as well as a specialized site where anyone willing can inquire any question is in place. The site includes the Investor’s Guide section. On top of that, each region has a front office where either foreign or local investor could receive public services on one spot,” he said.

Speaking of the areas in which Kazakhstan can learn from Italy, he has said that Kazakhstan looks forward to developing production so as to promote exports.

“The statistics indicate over 70% of the overall FDI in the Central Asian region fall on Kazakhstan,” the Kazakh ambassador-at-large said.

The forum has taken place as part of the visit of Manlio Di Stefano, Undersecretary of State for Foreign Affairs and International Cooperation, to Kazakhstan, and brought together representatives of the countries’ businesses, national companies and government agencies.

Italy’s embassy to Kazakhstan, National Company KazakhInvest, National Welfare Fund Samruk Kazyna and the Italian Trade Agency (ITA) acted as the organizers of the event.

For reference: Italy is Kazakhstan’s largest trading partner among EU countries, as well as among the leading investors in the Kazakh economy. Italy’s overall investment in the country has totalled $6.6B. The two countries have traded the products worth $6.7B in 8 months of 2019.

The Forum is expected to spur bilateral economic cooperation, establish new opportunities and prospects for further partnerships.