Kazakhstan to provide significant legislative preferences for investors

10:30, 5 February 2010

AKTOBE. February 5. KAZINFORM /Samal Yendibayeva/ Kazakhstan plans to develop four directions within the country's forced industrialization program. These are: support of investments, maintaining productivity, export financing "export 2020" and business financing "business 2020". Minister of Industry and Trade Asset Issekeshev announced it at a conference of the special operational group in Aktobe yesterday.

"We set a task to make Kazakhstan the best investment platform in the region. We intend to attract foreign investors to our country. To achieve this goal the Government of Kazakhstan will provide significant legislative preferences for the investors. As for the regions, we think, there will be established special economic zones, industrial zones and the Government will help develop these directions", Issekeshev noted.

Development of export will become a key issue. "Those small and medium enterprises working in non-oil sector and which intend to export their products are funded on the Governmental level. Our financing will not be expensive, besides we plan to compensate the exporters' expenditures through their involvement in exhibitions, development of advertisement and foreign certification", he added.

Road Map of Business-2020 program provides for development of new projects for the region. The Government will support them through allocation of grants, subsidizing interest rates, guaranteeing loans, retraining staff and maintaining infrastructure, A. Issekeshev said.

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