The Industrialization Program that has been implemented in Kazakhstan for the last two years already provides foreign investors with great opportunities. Emergence of the new market of the Customs Union with the total population of 170 million people, reduction of tax burden in the country and stability of the national legislation are among the main attractive features of the investment climate in Kazakhstan.
Permanent work on improvement of the investment attractiveness of the country is carried out within the State Program of Accelerated Industrial-Innovative Development. Kazakhstan Government has developed the National Plan on investment attraction which includes measures like exemption from customs duties for raw materials required for investment projects, special preferences for investors working in the strategic sectors and on strategic projects, stable legislation for investors working in the processing industry.
Besides, the Law On special economic zones has been adopted. Creation of the National Agency on Export and Investment KAZNEX INVEST helped establish close relations with 10 thousand investors from all over the world. 200 investment projects financed by foreign investors is underway. Agreements on attraction of over 7 billion U.S. dollars of investments have been signed. The National Investment Site http://www.invest.gov.kz/ in 12 languages was launched in 2010. Online database of the investment projects and investors has also been developed. Over 35 requests from 130 countries were registered in September.
The fact that Kazakhstan improved its positions in the World Bank's Doing Business rating proves the success of the policy pursued by the Government of Kazakhstan. Doing Business rating evaluates reforms regulating business and protecting rights and interests of investors as well as regulations governing local companies in 183 countries.
An increase in the investments inflow into the processing industry has been achieved in Kazakhstan in 2011 via implementation of reforms. The inflow of direct foreign investments in the metallurgy sector has increased by 12%. It was achieved thanks to a 2-fold increase in investments in the iron industry. The foreign investments in production of electric and electronic equipment increased by 16%. Kazakhstan is the leader among the CIS member-states in terms of the FDI per capita as well as their share in GDP.
Source: Prime Minister Karim Massimov's Youtube channel