ASTANA – The Ontustik Invest 2016 forum is expected to attract 500 people, including representatives of foreign companies, diplomatic missions, international organisations, local businesses, central government and local authorities, national companies and development institutes in an effort to attract foreign investment to South Kazakhstan, said Governor of South Kazakhstan Beibut Atamkulov.
“Creating a favourable business environment is one of the crucial aspects of Kazakhstan’s State Programme of Accelerated Innovative and Industrial Development (SPAIID). Our region is open to mutually beneficial cooperation. Ontustik Invest 2016 traditional international forum is key for building bridges with investors,” said Atamkulov announcing the event on April 28-29 in the regional capital city of Shymkent.
Forum participants will discuss the development challenges facing Kazakhstan and South Kazakhstan in particular and receive information about reforms intended to improve the investment climate in the state and the region’s new investment capabilities.
The administration of South Kazakhstan also plans to organise a dialogue between international investors, local businesses and governmental authorities in agriculture, food production and pharmaceuticals.
Kazakh officials, leading businesspersons and investors will speak at the forum, which will also include representatives from China, Iran and Russia.
More than 2.8 million people live in the South Kazakhstan region, which is a major Kazakh agricultural and industrial hub, offering a substantial workforce, research potential and developed infrastructure. According to local officials, South Kazakhstan is a leader in the attraction of foreign investments and has ongoing investment projects and trade ties with more than 100 countries.
South Kazakhstan is considered attractive due to low-prices for raw materials, strong governmental support, a moderate climate, low labour costs and its favourable geographic location.
More detailed information can be found at www.ontustikinvest.kz.