11.Jun .2022 17:00

Volume of foreign investments increased by 38% in 2021 in Kazakhstan

Volume of foreign investments increased by 38% in 2021 in Kazakhstan
views 360
Back

The volume of foreign investments in Kazakhstan increased by 38% in 2021, reports Akorda. The leader of Kazakhstan stressed that further improvement of the investment climate and enhancement of investors’ rights protection system are the strategic goals of the country.

“Last year, foreign partners invested around $24 billion in our economy, which was 38% higher comparing to the previous year. Remarkably, the non-primary sector of the economy already accounts for over 60% of total foreign investment inflows. We greatly appreciate these investments and shall do everything to fulfill all our obligations to foreign partners,” the Head of State assured.

Kassym-Jomart Tokayev also declared readiness to create all the institutional conditions for establishing direct collaboration with foreign companies, including through the relocation of foreign enterprises to Kazakhstan or establishment of joint ventures.

“We are focused on developing innovations and raising levels of human capital. I believe that here the Foreign Investors' Council shall play its leading role, particularly in terms of finding mutually beneficial solutions and exchanging experience in relevant areas of cooperation. The Government in cooperation with the Council shall analyze and develop effective solutions to address these issues,” he instructed.

The President added that systematic work on improving the investment climate will be accompanied by large-scale reforms. They are aimed at developing fair competition, rooting out corruption, effective public administration, improving the quality of human capital and reforming the judicial system, Kaztag reports.