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Issues of Attracting Investments Discussed In Atyrau Region

Issues of Attracting Investments Discussed In Atyrau Region

The meeting was attended by Deputy Akim of Atyrau region Kairat Nurtayev, the Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Ardak Zebeshev, Deputy Chairman of the Board of «NC «KAZAKH INVEST» JSC Zhandos Temirgali, representatives of the regional Akimat, service unit of KAZAKH INVEST and regional businessmen.

Opening the meeting, Deputy Akim of the region Kairat Nurtayev noted that the Atyrau region is one of the most attractive regions, including for foreign capital. The Atyrau region's FDI target for 2022 is $5.7 billion. The figure for the first 9 months of 2022 already reached $7.5 billion and demonstrated a 31% growth compared to the plan in 2022.

Foreign direct investment in the region from 2014 to Q3 2022 totaled $71.6 billion, including: $53 billion - the mining industry (74%), $15.5 billion to professional, scientific, and technical activities (21.5%), and $3 billion to other sectors (0.4%).

Kairat Nurtayev informed the participants of the meeting that the Nationwide pipeline of investment projects from Atyrau region includes 27 projects worth 6 trillion tenge. Their launch provides for the creation of over 4 thousand new workplaces in the region.

This year it is expected to implement 8 investment projects worth 65.6 billion tenge and create over 500 new workplaces. As for last year - 5 projects were commissioned. Herewith, 3 projects were realized with the support of foreign companies, and the total amount of investments was 1,13 trillion tenge, with the participation of foreign companies - 1,1 trillion tenge.

During the discussion on the implementation of projects, the Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Ardak Zebeshev told about the state support measures in the field of investments. According to him, since 2005, 9 investment contracts totaling 30.2 billion tenge were concluded in Atyrau Region. By now, 5 investment contracts worth 2 billion tenge have been concluded. Among the existing investment contracts, Ardak Zebeshev mentioned the projects on the development of the oil engineering plant, construction of a 48 MW wind power plant in Dossor, and launching of the concrete, gypsum, and cement manufacturing plant. He also noted the quality of service support for investors in the region - the Atyrau front - office has received 31 requests for 27 new projects totaling 249.3 billion tenge. Requests of potential investors concerned the conclusion of an investment contract, procedures for registration of land, as well as the filing of documents for participation in special economic and industrial zones.

«The KAZAKH INVEST team advises investors on a «One -Stop - Shop» principle and assists in solving problematic issues related to the conclusion of investment contracts, organization of negotiations with state and local executive bodies, project implementation in the regions of the country», - said Zhandos Temirgali, Deputy Chairman of the Board of «NC «KAZAKH INVEST» JSC.

The delegation from Astana visited some industrial enterprises s as part of its trip to the Atyrau region. Ultrastab company produces woven geotextiles used in the construction of roads, sidewalks, runways, and drainage systems, and RGK company is a major producer of extrusion geotextiles.

At a plant Kazakhstan Petrochemical Industries Inc (KPI) produces polypropylene, representatives of the domestic investment unit got acquainted with the products of high processing, which can be used in construction, medicine, automotive, food, and textile industries. KPI processes raw materials from the Tengiz field and is a key part of the gas-chemical complex of Kazakhstan's economy.

Source: Investment committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan

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