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National Export & Investment Agency “KAZNEX INVEST” Ministry of Investment and Development Kazakhstan’s attractiveness for foreign investors: current status Stable macroeconomic indicators and high growth GDP (bln.USD) 225.6 200.0 150.0 100.0 50.0 16.9 0.0 13.0 1.1 1999 1999 2001 2003 2005 2007 2009 2011 2013 2014f GDP from 1999 to 2013 increased by 14 times 2001 18.1 2003 2005 2007 2009 2011 2013 Birth rate (per 1000 people) 25.0 18.8 20.0 15 15.0 8.4 22.7 2001 2003 2005 2007 2009 2011 2013 717 2007 2009 2011 2013 2014f 14.0 0.0 1999 2001 2003 2005 2007 2009 2011 1999 2013 Gross International Reserves and Assets of the National Fund of RK (bln.USD) 120.0 60.0 40.0 20.0 0.0 1999 2001 2003 2005 2007 2009 2011 2013 Average monthly nominal wage increased by 7.2 times 2001 2003 2005 2007 2009 2011 2013 2014f Unemployment rate from 1999 to 2013 decreased by 8% 300 0 5.2 2.0 0.0 400 99 Unemployment rate (%) 13.5 4.0 Government External Debt to GDP (%) 95.5 20 17.1 15 80.0 500 100 2005 6.0 100.0 600 200 2003 8.0 Average monthly nominal wage (USD) 700 2001 10.0 5.0 2014f 16.0 Inflation from 1999 to 2013 decreased by 13% 800 4.6 12.0 14.6 10.0 0 1999 2.7 1999 2014f 10 5 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 GDP per capita from 1999 to 2013 increased by 12 times Inflation (%) 20 GDP growth (%) GDP per capita (ths.USD) 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 250.0 10 2.6 5 2.0 1999 The total amount of gross FDI from 2005 to 2013 amounted to $184 billion. Herewith, the average annual growth rate of gross FDI is 17.4%. 2001 0 2003 2005 2007 2009 2011 2013 Exchange rate regime - floating 2001 2003 2005 2007 2009 2011 Government External Debt decreased by 14% Free exchange Source: National Bank of the RK, Committee on Statistics of the Ministry of National Economy of the RK, IMF 2013 Priority sectors 1 Metallurgical Complex 2 1. Ferrous metallurgy 2. Non-ferrous metallurgy 4 Chemical Industry 6. Agrochemistry 7. Production of chemicals for industry Oil refining Complex 3. Oil refining 4. Petrochemistry 5 Industrial Production 8. Manufacture of motor vehicles 9. Electrical equipment 10. Agricultural machinery engineering 11. Railway machinery engineering 12. Mining equipment 13. Oil producing equipment; oil and gas refining equipment 3 Food processing Industry 5. Manufacture of food products 6 Production of construction materials 14. Production of construction materials Support for investors INVESTMENT PREFERENCES* Tax benefits Investment reimbursement Customs privileges State in-kind grants Migration benefits •CIT – 0 % 10 years •Land tax – 0% 10 years •Property tax– 0% 8 years Up to 30% of construction and installation works and equipment Customs duties 0% on the import of: • equipment and its components, • spare parts, • raw materials and supplies. Land plots, buildings, machinery and equipment in property. The right to employ foreign labor without quotas and permits Visa-free travel for citizens of 10 countries *for priority investment projects Priority types of activities: 1. Metallurgy 2. Oil refining 3. Food production 4. Chemical industry 5. Machinery industry 6. Production of construction materials SPECIAL ECONOMIC ZONES Tax benefits Customs privileges Exemption from customs duties for goods imported into SEZ territory CIT – 0% Land tax– 0% Property tax– 0% VAT – 0% (on all goods completely consumed in the production process) SEZ Other privileges Providing the land in the territory of the SEZ for a period of up to 10 years Simplified procedure for recruiting foreign workers SEZ SEZ SEZ SEZ SEZ SEZ SEZ SEZ SEZ The "one window" principle for the investor and service support for investment Assistance in obtaining the required approvals and permits Provision of services to foreign investors and representatives of Kazakhstan business Information, consulting, organizational and other assistance to the investor Support for investment project till the start of the production Investment SPECIAL ECONOMIC ZONES (10 ZONES) SEZ «Burabai» Tourism SEZ «Pavlodar» Petrochemistry SEZ «Astana New city» Mixed SEZ «NIPT» Petrochemistry SEZ «Saryarka» Metalurgy SEZ «Khorgos – Eastern Gate» Logistics SEZ «Seaport Aktau» Mixed SEZ «Chemical Park Taraz» Chemistry SEZ «Ontustik» Textiles SEZ «Park of Innovative Technologies» IT - Innovations Infrastructure LOCATION AND INFRASTRUCTURE St. Petersburg BELARUS 9.5 mln. RUSSIAN FEDERATION 143.5 mln. Aktobe KAZAKHSTAN 17 mln. MONGOLIA 2.8 mln. Shymkent TURKEY 74.9 mln. PEOPLE’S REPUBLIC OF CHINA 1.4 bln. IRAN 77.4 mln. PAKISTAN 182.1 mln. • • • • Lianyungang INDIA 1.3 bln. The Kazakhstan’s geographical position makes it a natural crossroads for major transit corridors from Asia to Europe. The transcontinental automobile road corridor “Western Europe – Western China” passes through the territory of Kazakhstan. The corridor will allow to deliver freights from China to Europe in 10 days. There is a territory with population of more than 3.3 bln. people within a radius of 2 thsd. km from Kazakhstan The flight time from most European destinations is five hours. Western Europe – Western China corridor (8,445 km) Western Europe – Western China corridor on the territory of Kazakhstan (2,787 km) Economy FDI ATTRACTION FDI in the manufacturing sector 15.4 $ bln. FDI in the manufacturing sector 6.1 $ bln. 72% 28 % 26.5 19.4 21.3 21.4 28.9 24.0 22.2 12.4 12.1 7.9 5.7 0.3 0.7 1.1 2005 2006 2007 2.1 1.8 2.2 2008 2009 2010 Manufacturing industry Source: National Bank of the RK 2011 Total 3.5 2.5 2012 2013 1.5 1H 2014 Economy CUMULATIVE FDI INFLOW BY COUNTRIES 2005 – 1H 2014 Main countries USD: 149.2 billion Total USD: 196.1 billiion 60.0 53.2 28.9% 50.0 40.0 30.0 20.0 10.0 3.1 1.7% 4.3 2.3% 4.3 2.3% 0.0 Source: National Bank of the RK 5.2 2.8% 7.9 4.3% 9.6 10.5 5.2% 5.7% 10.6 5.8% 11.2 6.1% 11.4 6.2% 17.9 9.7% Industries Machinery 2010-2014 •SKD assembly of motor vehicles 2015-2019 Production of car parts and accessories : Automobile Production •CKD assembly of motor vehicles Railway Machinery Production of locomotives and wagons: Manufacture of electric motors, increasing localization: Machinery for Mining Production of equipment: Aviation Machinery Production of helicopters: Chemical Industry The production of chemical additives, sodium hexametaphosphate industrial gases, sulphuric acid, ammonia and ammonium nitrate: The production of ethanol based on the processing of the industrial gases, the production of bioethanol from spent grain, mixing special chemicals for oil extraction and refining: Professional training, production of generic products: Professional training, production of generics and original medicines: Pharmaceutical Industry Production of equipment: Production of combines and tractors: Assistance to foreign investors 1 Provision of information about business/investment projects and analytical information 4 2 5 Foreign investors support in regions Assistance in obtaining state support for investors Support of the National Investment Interactive Internet Resource www.invest.gov.kz 3 Organization of business forums (road show) 6 Support of the Investment Projects Database www.baseinvest.kz National Export & Investment Agency “KAZNEX INVEST” Ministry of Investment and Development Thank you for your attention