Kazakhstan’s Minister of Industry and Trade A. Issekeshev speaks at the FIC sitting presided over by President Nursultan Nazarbayev
As of December 4, 2009, Kazakhstan accommodates 8000 companies with foreign capital, with 270 of them being part of the Fortune-500. This was announced Dec 4 by Aset Issekeshev, Kazakhstan’s Minister of Industry and Trade, at a sitting of the Foreign Investors Council (FIC) presided over by President Nazarbayev.
In his speech the Minister outlined four priority vectors of interaction between Kazakhstan and foreign investors.
“The first vector is development of infrastructure; energy, transport and communications in the first place; our respective portfolio comprises 22 projects totally worth over USD 19 billion. Part of them are going to be implemented through public-private partnership mechanisms”, the Minister noted.
The second vector, according to the Minister, is deeper conversion of raw materials. He cited respective cooperation of Kazakhstan and Italian ENI in the frameworks of Karachaganak field development as a positive example.
The third vector would be development of technology-intensive industries, such as assemblage of Evolution locomotives by General Electric in Kazakhstan.
And the fourth vector would be technology development.
Kazinform
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