Kazakhstan Introduces an Innovative Investment Platform


Within the conference «Financial Development Institutions and Sustainable Infrastructure: Operational Models and Methods» (46th Annual Meeting of ADFIAP) held yesterday in Almaty, Eurasian Development Bank, the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan and National Information Technologies JSC signed a Memorandum of Mutual Cooperation in launching the National Digital Investment Platform, DKNews.kz reports.

This document was signed by Ruslan Dalenov, Deputy Chairman of the Eurasian Development Bank, Ardak Zebeshev, Chairman of the Investment Committee of the Ministry of Foreign Affairs, and Sarmat Utigaliyev, Acting Deputy Chairman of the Board of National Information Technologies JSC.

According to Boston Consulting Group, the potential of the Central Asian region to attract foreign direct investment is estimated at up to $ 170 billion over the next 10 years, of which about $100 billion in Kazakhstan. Our country is now an investment magnet in the region, and given the geopolitical challenges and the turbulent global economic situation, the launch of a unified domestic investment platform will be particularly relevant.

The structure of the national digital investment platform will be involved the Ministry of Foreign Affairs, national company KAZAKH INVEST, domestic development institutions and funds, companies of the quasi-sector, and the central and local government agencies.

Kazakhstan will Launch the National Digital Investment Platform

Ardak Zebeshev, Chairman of the Investments Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, stressed that the National Digital Investment Platform will be a kind of road map for attracting (onboarding) investor companies. based on the platform, the «one-stop-shop» principle will be implemented in terms of integration of consulting and information services for projects and investors. Integral information panels (dashboards) will serve as an effective tool for monitoring investment activities in the country and improve the quality of interaction between participants in the investment process. We expect that due to digitalization, the time required to implement investment projects will be significantly reduced. Then the topical issues of investors arising during the implementation of projects will be brought to the meetings of the Investment Headquarters chaired by the Prime Minister of the Republic of Kazakhstan.

The technological process of the National Investment Platform will be aimed at implementing the state policy for attracting investments.

As a result of the implementation of the National Digital Investment Platform with a unified database on the parameters and status of investment projects, there will be an acceleration of data exchange, simplification of data and document storage process, and improving the quality of investment projects.

The platform will help to attract additional FDI flows to the country by providing optimal ways to implement investment projects in Kazakhstan.

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