Agenda of next Foreign Investors Council meeting unveiled

Kazakhstan President Nursultan Nazarbayev has suggested a subject of the next Foreign Investors Council meeting, Tengrinews.kz reports. “I believe it practical to discuss participation of foreign investors in implementation of Kazakhstan’s second industrial 5-year plan in 2014. These will be innovative-industrial five years. I have instructed the government to work out the concept by this November and complete development of the program by next May. I would like to approve it after coordinating it with you at the next Council’s meeting in May 2014,” Nazarbayev said at the 26th meeting of the Foreign Investors Council. The President noted a growing interest of major foreign companies to Kazakhstan, certified by a high inflow of foreign investments into the country’s economy. “The decision to establish the Council was made 15 years ago. It happened during general consultations with the Cabinet and the state commission on investments and management of the European Bank for Reconstruction and Development. The decision was made to invite managers of different international companies to take part in the Council. 25 meetings have been held since then. Our Council has expanded significantly over the years and I consider it a natural process. It reflects a growing interest towards Kazakhstan of the international business community and the constant flow of foreign investments,” he stressed. The Foreign Investors Council is a consulting-advisory body chaired by Kazakhstan President Nursultan Nazarbayev. It was established in 1998.