Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
Astana, February 10 (Xinhua) — Kazakh President Kassym-Jomart Tokayev declared that delays in the implementation of investment projects and the disruption of signed agreements are unacceptable, emphasizing the need to intensify efforts to attract foreign and private investment, the Kazinform news agency reported on Tuesday.
K.-Z. Tokayev noted that the government should focus on increasing the country's investment potential and developing its competitive advantages. He stated that the total value of commercial agreements reached during foreign visits and meetings with investors last year alone amounted to approximately $75 billion.
The President called for an end to the practice of protracted interdepartmental approvals and for ensuring clear deadlines for the implementation of each signed document, with oversight of its execution. He added that full compliance with obligations to investors builds business reputation and trust in the country.
K.-Zh. Tokayev noted that since 2022, the accumulated volume of foreign direct investment has exceeded $84 billion, and investments in fixed assets have increased by almost 50 percent, but the rate of attracting private investment remains insufficient.
As the Kazakh leader emphasized, in the context of a slowing global economy, it is necessary to develop a specific plan to strengthen the country's economic development.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.