Kazakhstan presents over 120 investment projects at WIEF

ASTANA, June 7 (Itar-Tass) -- Kazakhstan has presented more than 120
good for investments projects to investors at the exhibition held within
the framework of the seventh World Islamic Economic Forum (WIEF) which
opened here on Tuesday, Deputy Prime Minister, Minister of Industry and
New Technologies of the republic Aset Isekeshev said addressing the
participants in the forum.
"We consider WIEF as a unique platform for intensifying the business
dialogue between the West and the East, exchanging experience in the
sphere of economic development," he said.
Recalling that a new industrial programme until 2020 is being
successfully implemented in Kazakhstan, Isekeshev stressed that "in this
connection, the state undertakes a wide range of measures of state support
of foreign investors."
Today, according to the Kazakh deputy prime minister's data, over
8,000 foreign companies work in the republic. "All necessary measures and
efforts for the development of investments, new technologies and
innovations were adopted at the level of legislation," Isekeshev said.
"Special legislation on Islamic financing was adopted for the first
time in the territory of the countries of the former Soviet Union and
Eastern Europe. The first Islamic bank from Abu-Dhabi works here already,
the work on creating a regional Islamic Financial Centre is going on. The
infrastructure of a market of Islamic financial services is being formed,"
Isekeshev said.
According to him, many opportunities: tax encouragements and
preferences, budget co-financing, industrial special zones, natural
resources and the favourable investment climate as a whole were offered
for interested investors in Kazakhstan.
Speaking about good prospects for launching productions and businesses
in Kazakhstan, Isekeshev specially underlined such spheres as agriculture,
food industry, tourism, infrastructure, chemistry, petrochemistry and
innovations. "One may profitably invest funds here," he stressed.
Isekeshev also said that Kazakhstan works on solving the issues of energy
effectiveness, housing and communal economy, information, bio- and
nano-technologies, as well as the spheres of education and healthcare.
Besides, as Isekeshev stressed, "the Customs Union of Russia,
Kazakhstan and Belarus which operates since 2010, where customs
restrictions for transporting goods are completely lifted, creates a
market of consumers with the population of about 170 million people."
"As a matter of fact, Kazakhstan with its great transit potential
becomes the biggest transport, logistical and business centre of the
region. Being in the very centre of the Euroasian continent, between the
markets of Europe, Eastern and South-Eastern Asia, Kazakhstan may be a
ground for entering the markets of neighbour countries," Isekeshev said
stressing that "the aggregate market of neighbour states is huge."