Olzhas Bektenov holds Kazakh Invest's Board of Directors meeting

Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of JSC National Company Kazakh Invest, El.kz cites primeminister.kz.

The results of work and plans of the national company on further attraction of investments into the economy of the country were considered.

Chairman of the Board of NC Kazakh Invest JSC Yerzhan Yelekeyev reported that this year, as a result of joint work with central and local government agencies launched 22 investment projects worth $1.1 billion with the creation of about 4.8 thousand jobs. To date, the enterprises on processing of tungsten ores in Almaty region, production of original anticancer drugs in Almaty, etc. have been opened.

In addition, investment agreements worth $2.5bn were signed on 7 projects, including construction of a 1GW wind power plant in Zhambyl region, production of dairy products in Almaty region, construction of a greenhouse complex in Shymkent city.

A new targeted approach to attracting investments into promising sectors of the Kazakhstani economy was introduced. Four directions have been defined: deep grain processing, carbon chemistry, petrochemistry and production of oil and gas equipment.

In the next three years it is planned to attract $10 billion for implementation of large projects together with such companies as CHN Energy, Carlsberg, PepsiCo, ULTRADECOR, LASSELSBERGER GROUP and others.

Information was heard on the digitalisation of investment activities. Work is underway to create an integrated ecosystem to support investment projects at all stages - from their initiation to commissioning and subsequent three-year monitoring. Interaction with investors is built on the principle of ‘one window’, at the same time the work of mechanisms "green corridor" and "prosecutor's filter" will be ensured.

Following the results of the meeting, the work plan for 2025 was approved.

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