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Troubleshooting of administrative barriers and improvement of the investment climate in the region will attract foreign investment to the region

"In his new address to the nation, the President Nursultan Nazarbayev focused on improvement of the investment climate in the country", said the director of the Chamber of Entrepreneurs of South Kazakhstan region Askar Abubakirov.

To activate the work with investors, there will be established a Government Council, aimed at attracting investors and improving the investment climate. The President instructed the regions to create similar Councils to attract investment for projects of local significance.

"A month ago, by analogy with the Council, acting under the President, at the Chamber of Entrepreneurs of SKO was created a Council of Foreign Investors, which raises issues of regional companies with foreign capital. However, we do not just limit to the purpose of finding weak points where foreign businesses experience hardships and difficulties. The task was set in a much broader way - to eliminate the problems and barriers, thereby to improve the investment climate in the region and to attract additional foreign investment the region", - said Askar Abubakirov.

Today, there are more than 50 large companies with foreign participation in the region.

Let’s mark that SKR is the region with the economically active population, of which nearly 1.3 million people are engaged in business. Our region is recognized as a safe region for doing business due to the average default rate, relatively low crime rate and the volume of the population employed in the business. These are the findings of the International Agency “Idea-Lab”, made on the basis of a methodology of “A. T. Kearney” using data from the Statistics Agency of Kazakhstan for 2013-2014.


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