Foreign Businessmen On Kazakhstan’s Investment Climate

Foreign Businessmen On Kazakhstan’s Investment Climate

Kazakhstan’s investment climate today is attractive for foreign businesses, according to the chairman of Vicat group of companies Guy Sidos. Foreign business communities are willing to participate not only in Kazakhstan’s oil projects, but also in manufacturing, light industry, and the agricultural sector.

 

GUY SIDOS, CHAIRMAN, VICAT:

Since 2007, $300 million were invested in building cement plant in Mynaral near Balkhash Lake 400 kilometers away from Almaty. And we built this plant we created 250 jobs, and more than 500 indirect jobs. And the cement plant is already working, it produced 1.4 million tons of cement in a year.

 

The CEO of GE Oil & Gas Lorenzo Simonelli also marks Kazakhstan’s favorable investment climate. The businessman stresses that the enterprise and Kazakhstan have been establishing the mutually beneficial cooperation for many years. In addition to the plant for the production of locomotives, the company has projects in the oil and gas industry, health care and water treatment.

 

LORENZO SIMONELLI, CEO, GE OIL & GAS:

It is a nation that still very young, but rich with historical trades. I’m very glad to have visited Kazakhstan. I’m very pleased with the friends that I’ve been able to make over time. And I look forward to many years ahead.

 

Kazakhstan provides the best conditions for investors in Central Asia, the Polish businessmen say. According to the Selena group chief Krzysztof Domarecki, this was the reason he decided to invest in Kazakhstan, and in December, polish businessmen opened a new building materials factory in Kazakhstan.

 

KRZYSZTOF DOMARECKI, CHAIRMAN, SUPERVISORY BOARD, SELENA FM S.A.:

I want to emphasize the most favorable conditions for investors that are set up in Kazakhstan. We can freely visit Kazakhstan, attract our specialists, recruit domestic ones. We can invest and freely export goods from Kazakhstan to all Central Asian countries. The country provides the best conditions for investors across Central Asia. 

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