At a meeting of the Investment
Headquarters, Kazakh Prime Minister Alikhan Smailov set a task to attract at
least 18.5 trillion tenge of investment in fixed assets for the Government and
regions of the country by the year-end. Overall, the volume of capital
investments in Kazakhstan exceeded 9.5 trillion tenge for eight months this
year representing an increase of just over 12 percent compared with the same
period last year. Most of the funds were attracted to the mining and
manufacturing industries, the real estate sector, transportation and
warehousing. The meeting participants also considered the implementation of
major investment projects, including plants for the production of biotech drugs
and food products. Smailov instructed to intensify the work of the Kazakh
Invest National Company, diplomatic missions and other foreign institutions as
well as promptly take the necessary decisions at the level of ministries and
local authorities to attract large businesses to the country.
