Erlan Idrissov, Minister of Foreign Affairs of Kazakhstan, came up with a number of proposals to improve work with foreign investors. He said that the No. 1 goal was to create a pool of investment projects.
“There is a host of projects”, Idrissov said, “that is why our work with investors sometimes lacks specifics. We need to create a unified pool of large investment projects that will be approved by the investment office under your supervision of the Prime Minister Karim Massimov”.
Secondly, Idrissov suggested using case-specific approach when choosing foreign investors. According to him, if Kazakhstan needs most advanced products, it should pick investors from the countries that specialize in those products and exclude those countries that have nothing to do with them.
The Foreign Affairs Minister also believes that it is crucial to map out the unified export and import policy of Kazakhstan because the sales and distribution issue is of paramount importance for investors.
Prime Minister Karim Massimov, in his turn, instructed the Foreign Affairs Ministry and the Ministry of Investment and Development to organize the session of the investment office to make coordinated decision regarding the proposals put forward by Idrissov. (Kazinform/Business World Magazine)
