12.06.2009, 17:29 2297

Government to work with foreign investors to develop new kinds of goods and services

The President of Kazakhstan, Nursultan Nazarbayev, at the meeting of the Council of Foreign Investors said the government of Kazakhstan and, in particular, the Ministry of Industry and Commerce of Kazakhstan needs to work with foreign investors regarding the possibility of development of new kinds of goods and services, the agency reports.

Kostanay. June 12. Kazakhstan Today - The President of Kazakhstan, Nursultan Nazarbayev, at the meeting of the Council of Foreign Investors said the government of Kazakhstan and, in particular, the Ministry of Industry and Commerce of Kazakhstan needs to work with foreign investors regarding the possibility of development of new kinds of goods and services, the agency reports.

"The government and the Industry and Commerce Ministry should work with foreign investors and Kazakhstan industrial companies regarding the possibilities of development of new kinds of goods and services," N. Nazarbayev said.

"I call upon foreign investors to actively cooperate with the government of Kazakhstan in this direction."

"As for participation of foreign investors in diversification of the Kazakhstan economy, a priority question for us is development of the Kazakhstan's share in purchases."

The head of the state also noted that " Kazakhstan has recently achieved positive results." "The companies of extraction sector have already signed memorandums with the Kazakhstan manufacturers for the sum of about 330 billion KZT and some contracts for the sum of more than 200 billion," he said.

"Following the results of I quarter, Kazakhstan's share in three large oil and gas projects with participation of foreign investors has amounted to 38 %, or $609 million," the President of Kazakhstan informed.

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