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Investors from seven countries came to Uralsk

- West Kazakhstan Region
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III International Investment Forum “WestKazInvest-2016" opens new perspectives and possibilities for development of the region

III International Investment Forum “WestKazInvest-2016” is held in Uralsk. The Forum is a modern platform for effective dialogue between representatives of regional businesses, near border businesses and foreign investors.

"Today representatives of seven countries visited us - the UK, Italy, Poland, Russia, Scotland, the Czech Republic and Finland, which is a real proof of the fact that these countries are ready to build economic relations with our region, - said at the opening ceremony, Deputy Akim of West Kazakhstan region Igor Steksov. - After the forum, investors will sign a number of memorandums with our local companies".

The Forum was opened by an exhibition of the leading enterprises of West Kazakhstan region, during which were presented investment projects in the region. The 68 companies took part in the exhibition. It presented a wide variety of products, from bottled water ending with ships with a displacement of 300 tons.

It was noted during the Forum that the West Kazakhstan region is  a region with a unique geographical location, historical connecting Asia and Europe. The region is adjacent to the five regions of the Russian Federation. The benefits of the region – include an opportunity to enter the markets of major economic and cultural centers of Eastern and Western Europe. Another important factor is the presence of the Ural River, which enables access to the Caspian basin states.

​​The active work on the creation of a favorable investment climate is being on in the region, government support for investment start-ups. In 2015, investment in the West Kazakhstan region amounted to more than 1.6 billion dollars.

During the Forum will be identified prospects for the development of financial and economic relations, memoranda and agreements on the financing of various projects. In particular, between JSC "NC SEC "Oral" and EBRD on financing of the project of reform and modernization in the field of passenger traffic between akimat of WKR, "KPO b.v." and LLP "International Airport" on the financing of the reconstruction of the airport in Uralsk and others. The panel session will focus on attracting foreign investment through joint ventures and new industries in Western Kazakhstan, the development of agro-industrial complex, as well as the financial instruments supporting investment projects.

"This is not the first time we participate in the Forum, - said the President of the Czech Middle Asian Chamber of Commerce Jiri Nestaval. - Our Chamber works in the West Kazakhstan region for 10 years. We have opened a representative office here. We are actively cooperating in the field of health, education, modernization of housing and communal services. Now we go to the next higher level. We are confident in the great potential and prospects of this cooperation".

The Forum continues.


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