President of Kazakhstan Opens the 32nd Plenary Session of Foreign Investors' Council

NUR-SULTAN, July 4, 2019 – President Kassym-Jomart Tokayev chaired the 32nd plenary session of the Council dedicated to Human Capital Development.

The event was attended by Prime Minister Askar Mamin and Foreign Minister Beibut Atamkulov.

Around 300 heads of state agencies, national and large multinational companies and representatives of international organizations participated in the Council's plenary session.

In his opening remarks, the Head of State noted that Kazakhstan has created the necessary framework for investing in the education of a person throughout his or her life.

During the session, Foreign Minister Atamkulov reported on the implementation of the instructions of the 31st plenary session of the Council, while Minister of Education and Science Askhat Aimagambetov gave a briefing on human capital development. The Chairman of the Supreme Court of Kazakhstan Zhakyp Assanov also gave a presentation. Meanwhile, the President of the European Bank for Reconstruction and Development Suma Chakrabarti, as well as the Chairman of the Board of the Kazakhstan Foreign Investors' Council Association Agris Preimanis conveyed recommendations from foreign participants to the Council to implement the investment policy, address the issues of energy, environment and oil and gas industry, labor law, human capital development and attraction of foreign labor.

Following the session, the Head of State instructed the Government to consider and take into account all the recommendations of the working groups of the Foreign Investors' Council and the proposals of the participants.

The Council includes members of the Government, heads of the Baiterek National Managing Holding JSC and Atameken NCE, as well as heads of 32 large multinational foreign companies and international organizations and 5 foreign observers.

For reference: The Foreign Investors' Council (FIC) established at the initiative of the First President – Elbasy Nursultan Nazarbayev has become an effective platform that brings together the largest foreign investors in Kazakhstan and presents an opportunity to discuss the most important issues related to national economy development and investment climate improvement.

The FIC is an advisory and consultative body chaired by the President of Kazakhstan.

The main objectives of the Foreign Investors' Council include: developing and submitting recommendations to the President and the Government of Kazakhstan on key investment and economic development issues, including:

determination of key areas of the investment policy of Kazakhstan;

enhancement of the investment climate in the country by identifying the challenges faced by international companies that have already invested in Kazakhstan;

improvement of the legal and regulative framework of Kazakhstan;

creation of favorable investment and legal conditions for the diversification of the economy, development of the industrial sector, small and medium enterprises;

further integration of the economy of Kazakhstan into the global economic processes;

strategies to attract additional foreign investment in the Kazakh economy;

other issues important for Kazakhstan and the investors.

Exchange of views and provision of recommendations of the Council members is carried out at the annual Plenary session of the Council chaired by the President of Kazakhstan.

Created at : 4.07.2019, 18:30, Updated at : 4.07.2019, 18:30