Politics • 21 May, 2019

Askar Mamin instructs to systematize development of special economic and industrial zones

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At the meeting of the Government chaired by the Prime Minister Askar Mamin, the development of special economic and industrial zones were considered. The reports of the Ministries of Industry and Infrastructure Development, Energy, Samruk Kazyna, and akims of the regions were heard.This was reported by the press service of the Prime Minister of Kazakhstan.

“Special economic and industrial zones with ready-made infrastructure and various benefits are a good platform for attracting private investment,” said Askar Mamin.

To date, 183 projects with an investment of 910 billion tenge have been implemented in 12 special economic zones, 183 billion tenge have been invested in 24 industrial zones, and 8,500 jobs have been created. More than 1 trillion tenge of private investment have been attracted, of which a quarter of the capital — with the participation of foreign companies. From 2019 to 2021, 318 projects for a total amount of more than 2.5 trillion tenge are planned to be introduced in the free economic and industrial territories with the creation of 11,500 jobs.

The management of special economic and industrial zones marked the successful experience of akimats of Nur-Sultan, Shymkent, Almaty cities and Pavlodar region. For example, in the Ontustik special economic zone, 15.5 tenge of private investment was attracted for 1 budget tenge. In turn, the territory of Ontustik is actively developing: 55 projects have been launched for 38.6 billion tenge. The PAVLODAR special economic zone for 1 budget tenge attracted more than 12 tenge of investments. In the Astana – New City special economic zone, the production for the period of operation exceeded 1.4 trillion tenge. In 2018, over 9.3 billion tenge of private investment was mastered on the Khorgos-Eastern Gate special zone.

As the Head of the Government Mamin noted, it is necessary to work on attracting new projects and investments systematically, to create jobs. For this, the regions should involve professional management companies with successful international experience in the working at such zones.

In order to improve the efficiency of work and management of zones, the prime minister instructed to develop criteria for priority financing of successful and prospective zones. In turn, when including projects in the free economic zones, regional akimats need to focus on manufacturing with high added value and export-oriented.

Given the new legislation simplified procedures for investors and management companies. To further ensure the inflow of private investments, as Mamin noted, the work should be built on the principle of “one window.”

Summarizing the consideration of the issue, the prime minister instructed to develop a development strategy for a separate special economic and industrial zonses for a three-year period.

“Special economic and industrial zones should be the growth points of the regional economies,” said Askar Mamin. “For this, we need well-defined and coordinated work, high-quality projects.”

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