Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Monday March 8 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Foreign investors show interest in Kazakhstan

1 June 2016 18:12 (UTC+04:00)
1 792

By Nigar Abbasova

As many as 30 foreign investors are expected to launch their enterprises in Kazakhstan in 2016. The Ministry for Investments and Development of Kazakhstan is currently engaged in the examination of over 200 initiatives proposed by foreign investors.

The government makes huge efforts to improve the investment climate of the county for the benefit of foreign investors and local companies.

The initiatives in total worth over $40 billion mainly concern the manufacturing industry.

Addressing the Council of Foreign Investors, Kazakh Minister for Investment and Development, Asset Issekeshev mentioned that particular attention is being paid to the work with transnational corporations.

He mentioned that Italian Tenaris Company is expected to launch its enterprise engaged in the production of oil pipes in June 2016.

Swiss EuroChem Company which is considered to be one of the world’s leading mineral fertilizer producers will start the construction of plant for the production of mineral fertilizers later this year.

Besides, the minister informed that a center for advanced materials and additive technologies established jointly with Materia Company from American, and a center for financial technologies called FinTech established jointly with IBM company.

The minister also added that more than 60 projects in the agricultural sector are currently implemented by foreign investors in the country. Korean Lotte Company will start the realization of the project on the production of confectionery products. French Lactalis and German Meggle will launch projects for manufacturing and processing dairy products in nine regions of Kazakhstan, while Italy's Cremonini will build a modern combine for production of a wide range of processed meat products.

The main objective of the Foreign Investor’s Council which is chaired by the President of Kazakhstan is promotion of direct dialogue between the government of the country and foreign investors as well as creation of favorable investment and legal conditions for the diversification of the economy.

--

Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova

Follow us on Twitter @AzerNewsAz

  • #ASSET ISSEKESHEV
  • #FOREIGN INVESTMENT
  • #KAZAKHSTAN

Related News

Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology

Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology

27 February 16:14
Kazakhstan, Azerbaijan reach agreement on drilling wells with Satti jack-up rig

Kazakhstan, Azerbaijan reach agreement on drilling wells with Satti jack-up rig

27 February 11:54
Uzbekistan, Kazakhstan preparing for demarcation of state borders

Uzbekistan, Kazakhstan preparing for demarcation of state borders

25 February 17:49
OPEC + agreement positively impacts Kazakhstan's oil-gas industry

OPEC + agreement positively impacts Kazakhstan's oil-gas industry

16 February 17:00
Kazakhstan unveils 11M2020 trade value with Turkey

Kazakhstan unveils 11M2020 trade value with Turkey

14 February 14:15
Kazakhstan’s daily COVID-19 cases down to 837

Kazakhstan’s daily COVID-19 cases down to 837

14 February 13:37
Romania committed to expanding partnership with Kazakhstan to reach full potential - MFA

Romania committed to expanding partnership with Kazakhstan to reach full potential - MFA

5 February 15:29
Export of tomatoes from Azerbaijan to Kazakhstan resumed

Export of tomatoes from Azerbaijan to Kazakhstan resumed

30 January 10:36
Trade, economic and investment cooperation between Kazakhstan and Ecuador expanding

Trade, economic and investment cooperation between Kazakhstan and Ecuador expanding

28 January 12:48
Ban on tomato imports from Azerbaijan to Kazakhstan under review - Azerbaijani FDA

Ban on tomato imports from Azerbaijan to Kazakhstan under review - Azerbaijani FDA

22 January 15:15
  • Latest
  • Popular
7 March 16:41 • Azerbaijan shows footage from Aghdam's Suma village [VIDEO]
7 March 15:02 • Azerbaijan confirms 127 more COVID-19 recoveries
7 March 12:30 • WHO official advises against introducing ‘immunity passports’ for travelers now
7 March 12:11 • Azerbaijan shows footage from Fuzuli's Garakollu village
7 March 11:53 • WHO reports over 353,000 new daily cases of COVID-19
7 March 11:40 • We successfully completed all steps taken, including ending occupation of Nagorno-Karabakh - Erdogan
7 March 11:17 • Foreign diplomats acquainted with Gulebird HPP in liberated Lachin of Azerbaijan [PHOTO]
7 March 11:00 • New hazelnut processing plant to open in Azerbaijan’s Zagatala
7 March 10:37 • Armenian occupants seriously damage Azerbaijan's ecology - Ministry [PHOTO]
7 March 10:18 • Azerbaijani Ministry of Education implementing innovative projects with Microsoft
7 March 10:00 • Azerbaijan issues footage from Jabrayil district's Papi village [VIDEO]
6 March 18:00 • Azerbaijan confirms 149 more COVID-19 recoveries
6 March 16:13 • Reps of diplomatic corps in Azerbaijan visit Fuzuli airport's construction area
6 March 15:42 • Turkish FM announces trilateral meeting between Azerbaijan, Turkey, Turkmenistan
6 March 15:17 • Lybian diplomat harshly condemns Armenia using mosque in Azerbaijani Fuzuli as stable
6 March 15:00 • Turkish investors have interest in Azerbaijan's business environment - Turkey's MUSAID
6 March 14:30 • President Aliyev addresses Ruling New Azerbaijan Party extraordinary congress [UPDATE]
6 March 14:00 • Azerbaijan shows footage from Zangilan's Garadere village (VIDEO)
6 March 13:30 • Azerbaijani FM, CoE Baku office discuss new action plan for cooperation
6 March 13:00 • Azerbaijani Nakhchivan's Separate Combined Arms Army holding live-fire training classes [VIDEO]
7 March 10:18 • Azerbaijani Ministry of Education implementing innovative projects with Microsoft
7 March 10:37 • Armenian occupants seriously damage Azerbaijan's ecology - Ministry [PHOTO]
7 March 11:00 • New hazelnut processing plant to open in Azerbaijan’s Zagatala
7 March 11:53 • WHO reports over 353,000 new daily cases of COVID-19
7 March 12:30 • WHO official advises against introducing ‘immunity passports’ for travelers now
7 March 11:17 • Foreign diplomats acquainted with Gulebird HPP in liberated Lachin of Azerbaijan [PHOTO]
7 March 11:40 • We successfully completed all steps taken, including ending occupation of Nagorno-Karabakh - Erdogan
7 March 10:00 • Azerbaijan issues footage from Jabrayil district's Papi village [VIDEO]
7 March 12:11 • Azerbaijan shows footage from Fuzuli's Garakollu village
7 March 15:02 • Azerbaijan confirms 127 more COVID-19 recoveries
7 March 16:41 • Azerbaijan shows footage from Aghdam's Suma village [VIDEO]
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved