Ontustik Invest 2016 Highlights South Kazakhstan’s Business Potential

ASTANAThe April 28-29 Ontustik Invest 2016 forum and exhibition highlighted business opportunities in South Kazakhstan.011-1024x576

“South Kazakhstan is an important trade centre with 11 industrial zones. Developing tourism and agricultural fields are interesting for investors. We consider that the number of foreign guests at the event shows the significance of the region and its investment environment,” said Turkish Deputy Minister of Economy Fatih Metin who attended the event.

An exhibition under the event gathered hundreds of foreign and local business persons, representatives of state bodies and diplomatic missions.04-1024x576

The investment climate of the region is well known as one of the most favourable in the state. Local companies produce foodstuffs, construction materials, equipment, clothes, pharmaceutical products and agricultural goods. More than 60 companies participated in the exhibition and presented their goods at the event.

“We emphasise quality control. Our prices are moderate. Our products are made using only natural milk. We process up to 15 tonnes of milk per day and plan to produce different types of cheese. As of today, our products are sold in Almaty, Shymkent, Taraz, Karaganda and we plan to export them to Kyrgyzstan and Uzbekistan,” said businessman Ismail Mamedov.

Investors are interested in food processing and engineering, oil refining and pharmacy.666555-1-1024x576

More than 700 participants from 24 states took part in the event. As a result, 41 memorandums in the amount of $2.5 billion were signed. Different plenary sessions, roundtable conferences and informational tours for companies took place at the event.

“I come to Kazakhstan for the second time to support state schools and colleges. Now, we are working on a plan, but I can say that we are going to invest up to $1 billion,” said First Director of Global Project Capital Kenneth Fulton.

Chinese investors are interested in the establishment of a plant producing energy saving lamps. Representative of Tong Di Khon Chzhin Dzhun said his company is holding negotiations with the administration of the region.

 

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