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Issues of attraction of $20bln of foreign investments to Kazakhstan solved - N.Nazarbayev

AKTOBE. 29.01.2010. KAZINFORM /Samal Yendibayeva/ "The state resources won't be enough for the program on diversification of the Kazakh economy. Foreign investments must become the main source of financing", President N.Nazarbayev has said today at the joint session of the Kazakh Parliament. "Many states make sense of investing to our economy. Issues of attraction of investments from China, South Korea, United Arab Emirates and French, Italian, Russian companies to the amount of USD 20 bln were solved. These funds will be directed to the non-primary sector of the economy, ensure launching dozens of facilities of the industrial program, infrastructure and joint projects", the President noted. "Issues of investments attraction to the construction of "Western Europe -Western China" road amounted to USD 3 bln and to the construction of a gas pipeline from west to south of the country amounted to USD 2 bln were solved as well. Besides, foreign investments to the primary sector of the country will amount to USD 10 bln", N.Nazarbayev said. Besides, the President said that new approaches to the functioning of special economic zones and industrial parks in Kazakhstan are necessary due to the priorities of industrial development of the country. In this regard, the government was charged to develop a new draft law on special economic zones. The mechanism of state-private partnership has great potential in attraction of investments. "We launched this mechanism in Kazakhstan, but it needs modernization in accordance with the world's best practice. I charge the Government to introduce amendments to the legislation on concessions in the first half of the year", N.Nazarbayev said.


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