Kazakhstan plans to start construction of 67 projects worth USD 7.1 billion in 2018 with the creation of more than 13.5 thousand jobs. This work will be done with the support of Kazakh Invest National Company for Investment Support and Promotion jointly with foreign investors, Kazakh Invest Chairman Saparbek Tuyakbayev told a press conference on April 6.
In the 1st quarter of 2018, construction and installation works have been started on 6 projects involving foreign investors for a total amount of USD 539 million. Implementation of these projects will create more than 600 jobs. One of the key projects is the production of extruded mixed fodders by Phoenix Commodities transnational company (UAE) in Khorgos-East Gates SEZ in Almaty region for the total amount of USD 15 million.
Construction of 12 projects with participation of foreign investments, including the creation of 1.5 thousand jobs, will be started in the second quarter.
Kazakh Invest is focused on attraction of investments for 50 specific “niche” projects worked out with Deloitte, with prepared business plans, marketing research and defined project environment.
“The attraction of transnational companies is not only presentation and negotiations. Preparatory work shall be carried out first, because we need specific projects to invest the funds. Currently, we have prepared 50 new projects. We have defined targeted companies for each project. We have submitted this list to Ambassadors and our representatives abroad,” Tuyakbayev said.
At the same time, in order to be involved in Kazakhstan projects, transnational companies should cooperate with local companies. Currently, the Atameken national chamber of entrepreneurs jointly with the local consulting companies has prepared a list of 100 potential local partners. They are mainly operating in the food industry, agribusiness, machine engineering, pharmaceuticals and petrochemicals.
