The two nations have agreed to establish a joint venture fund of $100 million.
Besides, at today’s meeting of the Kyrgyz Government with the Kazakh delegation the sides discussed a possible joint investment fund of $100 million.
Attraction of foreign investments will become a reliable foundation of stable long-term economic development of Kazakhstan: Yerbol Orynbayev.
Executives of Samruk-Kazyna Sovereign Wealth Fund will be visiting Kyrgyzstan within a few days.
Kazakhstan is planning to invest into Kyrgyzstan. Kyrgyz-Kazakh investment fund will be created in Kyrgyzstan with the capital of $100 million.
The Minister informed that respective amendments [enabling to issue Islamic securities in Kazakhstan] will be adopted within a month.
The funds will be injected into the agriculture, transport infrastructure and development of Islamic finance in Kazakhstan.
June 7 Kazakhstan and Saudi Arabia signed an agreement on avoidance of double taxation and prevention of tax evasion.
According to him, the nation’s location is “just ideal”.
Big investment companies have to allocate at least one percent of their profits to development and implementation of innovations: Nursultan Nazarbayev.
We can do without investments in oil and gas even with a lot of money available: Sauat Mynbayev.
The rumors of possible lease of agricultural lands to China for 99 years are far from the being the truth, the Ministry’s press-release reads.
President suggested discussing issues of transforming Kazakhstan into an international trade and logistics hub at the next sitting of the Foreign Investors’ Council (FIC) to be held May 2012 in Astana.
When speaking at the 24th plenary session of the Foreign Investors’ Council (FIC) opened today at Nazarbayev University in Astana, President Nazarbayev called investors to contribute to the modernization efforts.
Without an agreement there will be no 3rd stage of the Project: Minister of Oil and Gas Sauat Mynbayev.
The FIC is an advisory body established to promote direct dialogue between the Government of Kazakhstan and foreign investors to efficiently address issues related to investment activities and to improve the business climate of Kazakhstan.
To secure GDP annual growth at 7%, capital investments for the period of 2011-2015 should grow by 58.5% against 2010: Kairat Kelimbetov, Minister Economic Development and Trade.
The Bank’s current obligations to invest into Kazakhstan in future to finance projects in various sectors make up $2.8 billion Euro: Finance Minister Bolat Zhamishev.
Currently FDI stands at 8-9% of the GDP: Asylkhan Serikov, Head of Committee for Investments under the Ministry of Industry and New Technology.
For the last decade investments into the O&G sector totaled $107 billion, with about 60% of the investments being injected into projects with global oil majors: Minister of Oil and Gas Sauat Mynbayev.