At the meeting of the Shanghai
Cooperation Organization (SCO) Business Council Board, Chairman Raimbek Batalov
proposed creating a joint engineering hub with the SCO countries to implement
multimodal industrial clusters. He highlighted that trade cooperation within
the SCO region is growing annually at a vigorous pace. Kazakhstan’s trade
turnover with the SCO states reached nearly $66 billion in 2023, with their investments
totaling $4.6 billion. More than 29,000 companies with capital participation
from member countries operate in Kazakhstan, including over 5,000 joint
ventures. Batalov emphasized the increasing need to develop financial
mechanisms for economic cooperation growth, particularly through establishing a
joint investment map with the SCO countries.
«The investment map is a digital
platform where every investor receives an account. It consists of four stages:
initial stage, construction, design and estimate documentation, and
implementation. Project support and issue resolution, including through the
investment office, play a crucial role. The Investment Map enables the
identification and rapid resolution of issues, which I believe will mitigate risks
and expedite the implementation of investment projects,» Batalov said.
Web-editor: Aizhan new
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