Kazakhstan eyes increasing foreign direct investment to $19B

The Kazakh government intends to raise the level of foreign direct investment to $19 billion this year, Prime Minister Askar Mamin said at an expanded government meeting with the participation of the head of state, Report informs referring to Kazinform international news agency.

“The unprecedented drop in investment levels in the world and the intensification of trade wars are exacerbating global competition for investment and markets. In the context of this trend, the government is implementing systemic measures to launch a new investment cycle, such as the conclusion of investment agreements, direct work with each capital holder at all stages of the value chain, as well as prompt resolution of specific investor issues as part of the regular work of the Investment Headquarters,” said Askar Mamin.

He also voiced the tasks of attracting investments for the current year. “This year, we are facing ambitious tasks – increasing the level of investment in fixed assets to 20 percent of GDP, foreign direct investment – to $19 billion,” said Askar Mamin.