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Kazakh Invest Focuses on Attracting Investors for Key Projects

in Economy / Kazakhstan - by


Prime Minister of Kazakhstan, Olzhas Bektenov, chaired a meeting with the board of directors of the National Company "Kazakh Invest" to discuss the company's performance and future plans. A significant highlight was the upcoming establishment of a medical equipment production facility in Astana in partnership with the American company GE Healthcare. The project will localize the production of ultrasound and CT machines, not only catering to Kazakh hospitals but also aiming to export to other countries.

Furthermore, following the Prime Minister's instructions, Kazakh Invest will concentrate on attracting investors for future projects in grain deep processing, manufacturing of high-demand types of plastics, localization of oil and gas equipment, and other high-value-added products. The state's goal is to increase the economy to $450 billion by 2029, requiring at least $150 billion in foreign investments. Bektenov emphasized the need for bold and innovative solutions to attract major investors to the country.

Previously, Prime Minister Olzhas Bektenov addressed the government meeting on March 12, 2024, highlighting the rising food prices in some regions of the country.