Kazakh PM: The Government to continue work on economic digital transformation

Kazakh PM: The Government to continue work on economic digital transformation

Prime Minister of Kazakhstan Alikhan Smailov held an interim meeting of the Foreign Investors Council under the President of Kazakhstan on Tuesday, Oct. 18. 

The Prime Minister opened the event by noting that today Kazakhstan and foreign investors are provided with equal conditions for obtaining preferences in the country. Herewith in order to further improve the business climate the Government adopted a new Investment Policy Concept until 2026 that will stimulate the growth of production of goods with high added value. 

He also added that work will continue on resetting fiscal regulation, improving the efficiency of public finance management, decarbonization and digital transformation of the economy.

The participants of the meeting reviewed the reports on the activities of the joint permanent working groups of the Council. In particular, they discussed the implementation of investment policy, energy, environment and oil and gas industry, digitalization, labor legislation, development of human capital and attracting foreign labor.

Reports were made by Yerlan Dosymbekov, Chairman of Kazakhstan Foreign Investors Council Association, Frude Younes, Head of TotalEnergy in Kazakhstan, Dimitri Propp, representative of KNAUF in Kazakhstan, Saken Zhumashev, managing partner of KPMG in Kazakhstan and Central Asia, Luciano Vasquez, Eni representative for the Central Asian region. 

Deputy Prime Minister, Minister of Finance Yerulan Zhamaubayev, Ministers of Energy Bolat Akchulakov, of Environment, Geology and Natural Resources Serikkali Brekeshev, of Labor and Social Protection of Population Tamara Duisenova, of Digital Development, Innovation and Aerospace Industry Bagdat Mussin, and First Vice Minister of National Economy Timur Zhaksylykov took part in the discussion.

Summing up the meeting, the Prime Minister stressed that all recommendations and questions voiced by investors will be worked out.

"We are always open to suggestions. As far as possible, the Government will expand support measures, including taxation. We expect additional recommendations from the members of the Council on promising areas of cooperation, based on international experience," Alikhan Smailov concluded.

By the press service of Kazakh PM