2023-07-27 19:29News

Kazakh Government Signs Investment Contracts Worth $4.9 Billion in 18 Years

Alikhan Smailov

The Kazakh Investment Committee signed 1,438 investment contracts worth 2.2 trillion tenge ($4.9 billion) between 2005 and June this year, including 216 with the provision of a land grant in-kind, said Deputy Foreign Minister Almas Aidarov, reported the Prime Minister’s press service.

Kazakh Prime Minister Alikhan Smailov chaired a July 27 meeting of the Investment Headquarters to assess the provision of land plots in the form of state in-kind grants under investment contracts.
 
According to Aidarov, over 37,000 jobs were created and 125 agreements in the service sector (construction of warehouses, facilities in education, healthcare, hotel services and passenger transportation areas) were reached as part of the investment contracts. Aidarov said that state in-kind grants are provided according to the list of priority activities both in the production of goods and in the production of services and are subject to special cases that do not require bidding (auctions). In-kind grants are allocated by akimats (local administrations) in agreement with the Land Management Committee of the Agriculture Ministry.
 
Smailov highlighted that President Kassym-Jomart Tokayev pays special attention to attracting investments and supporting business and instructed responsible state agencies to update the regulatory legal acts to improve the law enforcement practice of allocating land grants in-kind.


About the Embassy

The Embassy of the Republic of Kazakhstan in the Kingdom of Sweden and in the Kingdom of Denmark was opened on March 8, 2014 by direct decree of the President of the Republic of Kazakhstan with a view to strengthening diplomatic relations. The site is introduced to keep the wide public informed on activity of the diplomatic mission in Sweden, and to provide information support for the citizens of Kazakhstan who live in Sweden and foreigners who are going to visit Kazakhstan as tourists or businessmen.


Contacts

Aibek Yessey
Attache
Aibek Yessey
The Embassy of the Republic of Kazakhstan