Kyzylorda hosts first investment forum

An investment forum called Baikonur is being held in Kyzylorda in southern Kazakhstan. The forum is attended by over 200 participants from 16 countries, Tengrinews.kz reports. The forum is attended by the delegations from Russia, Ukraine, Japan, the Netherlands, Italy, Switzerland, Turkey, Canada, Poland, Austria and Belgium. The foreign delegations are represented both by ambassadors of these countries and managers of their leading companies. Deputy Prime-Minister of Kazakhstan and Minister of Industry and New Technologies Asset Issekeshev also arrived to Kyzylorda to check on the technology of associated gas recovery at Akshabulak field. Issekeshev thanked Kyzylorda oblast Akim (Governor) Krymbek Kusherbayev for organizing to high profile event aimed for diversification of the economy and unlocking the region's potential. Kyzylorda Oblast is attractive for investors ready to invest in production of hydrocarbons, solid minerals and tourism. “Kyzylorda’s climate allows to build wind and solar power stations. The talks are currently underway with Chinese partners who have developments in this sector,” Issekeshev said. The forum is also participated by representatives of the development institutes: European Development Bank, European Bank for Reconstruction and Development, Samruk-Kazyna Development Fund. Kazakhstan Temir Zholy (national railroad company) is going to sign a long-term contract for procurement of 4.5 cistern cars produced by Aralvagon plant based in Kyzylorda oblast. The region requires investments in five sectors: development of mining industry, production of construction materials, development of agricultural production, development of tourism (especially by means of construction of the Western Europe-Western China highway) and development of power supply technologies. Several projects were prepared and memorandums were signed in each or the areas.