MFA, Kazakh Invest to cooperate on effort to attract investment

ASTANA – Kazakh Foreign Minister Kairat Abdrakhmanov and Board Chair of the Kazakh Invest national company Maksat Kabashev signed a memorandum of cooperation Aug. 10 to work together to attract foreign direct investment, boost exports and promote Kazakh Invest’s activities abroad.

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The sides discussed establishing new Kazakh Invest foreign offices and ways to improve the work of its existing offices. They also discussed organising investment forums in Kazakhstan and abroad.

At a press conference after the signing, Abdrakhmanov noted Kazakh Invest was established to attract investment and promote exports. He also highlighted similarities between the work of the two organisations, which are conducive to cooperation. The minister said the MFA would utilise all of the ministry’s resources, including its diplomatic missions, to assist Kazakh Invest.

Kabashev thanked Abdrakhmanov for the ministry’s assistance, including as a member of Kazakh Invest’s Board of Directors and said he hoped the relationship between the two organisations would continue to strengthen.