Promotion of Kazakhstan?s content still a priority issue ? President

KOSTANAY. June 12. KAZINFORM /Muratbek Makulbekov/ ?Speaking about participation of foreign investors in diversification of Kazakhstan?s economy, we should note that promotion of Kazakhstan?s content remains our priority goal?, President Nursultan Nazarbayev said while addressing the plenary session of the Foreign Investors? Council.

photo: QAZINFORM
N. Nazarbayev noted that despite administrative nature of the measures taken to raise Kazakhstan?s content, they are the necessity for our country, which is also acknowledged by investors. ?We discussed this question in detail at the last session of the Council. I would like to note the positive results that we have reached. The companies of extractive industries signed memorandums with the Kazakh manufacturers to the amount of KZT 330 bln and specific contracts amounting to KZT 200 bln. Following the results of the first quarter of the year the national content has formed 38 percent or over USD 600 mln in three large oil and gas projects with participation of foreign investors. I am sure this is not a limit.? The Government, Ministry of Industry and Trade should work with foreign investors, Kazakh industrial companies on the opportunities to develop new types of goods and tenders. I call our friends - the foreign members of the Council - to cooperate with the Kazakh Government in this direction, N.Nazarbayev said.