Region • 28 February, 2020

Atyrau region cooperates with 50 countries of the world

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Atyrau region is the most attractive region for both large domestic and foreign investors, providing almost a third of the volume of investments in the country, reports.

According to the Akimat of Atyrau region, the volume of investments in fixed assets in January 2020 amounted to 348.4 billion tenge, or 108.8%, compared with the same period in 2019.

Today the region successfully cooperates with more than 50 countries of the world, more than 1,000 joint and foreign enterprises are created and successfully work.

Akimat of Atyrau region is carrying out systematic work to improve the investment climate in the region and attract foreign direct investment in the region’s economy.

The North-Caspian regional exhibitions “Global Oil & Gas Atyrau” and “Atyrau Build” are annually held in the region, representatives of the regional akimat and enterprises of the region take an active part in international investment events held in the near and far abroad.

In 2019, delegations from far and near abroad visited the region with official visits. Including Great Britain, Italy, Japan, Belarus, Canada, Germany, USA and others.

To provide high-quality and prompt assistance, information-analytical and service support to domestic and foreign investors in the region, JSC NK Kazakh Invest, SEC Atyrau, and Atyrau Innovations LLP operate.

In addition, by the resolution of the akim of Atyrau region, the Atyrau Social and Entrepreneurial Corporation have been defined as the Center for Investor Services on the principle of "one window." To quickly solve the problematic issues related to the region’s investment activities, the Akimat of the Atyrau Region created the Regional Council for attracting investors and improving the investment climate, as well as the Regional Export Council. Board meetings are held quarterly.

International Pipeline Structure Solutions Caspian LLP is a distributor and produces under license on behalf of Swagemaster Engineering Services, located in the UK.

This enterprise is the first object of the company that opened outside the UK, in 2019 IPSS Group opened branches in Azerbaijan and Brazil.

IPSS took part in a special partnership program, the purpose of which is to introduce new British investors and to facilitate cooperation between British and Kazakhstani companies. This program is supported by the UK Department for International Trade, PSA LLP, KAZENERGY Association, in cooperation with KPO, TCO and NCOC operating companies.

The company is assembling temporary pipe fittings, such as a rotary plug, seals, plugs with a handle.

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