1 / 11

Kazakhstan

Kazakhstan. Athens, 2 April 2009. Population: 15.7 mln. GDP: 146 bln. USD GDP growth: 3.2% GDP per capita: 8,450 USD HDI: 0.807; ranked 71st out of 179 countries FDI : 7,2 bln. USD People with income below subsistence minimum : 18.2% Unemployment rate : 7,8%. Country overview.

tareq
Download Presentation

Kazakhstan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Kazakhstan Athens, 2 April 2009

  2. Population: 15.7 mln. GDP: 146 bln. USD GDP growth: 3.2% GDP per capita: 8,450 USD HDI: 0.807; ranked 71st out of 179 countries FDI: 7,2 bln. USD People with income below subsistence minimum: 18.2% Unemployment rate: 7,8% Country overview

  3. Why to invest? Investment favorable environment • Political & social stability • State support and guarantee of investments 1. 2. Naturaland labour resources • Large mineral & renewable reserves • High education level of workforce 3. • Hub Europe <-> Asia • Large & fast growing neighbor markets (up to 500 mln. consumers) Markets

  4. State strategy on industrial-innovative development was adopted in 2003 The program «30 corporate leaders» in 2007: In program, may participate foreign companies along with Kazakhstan's residents. The main requirement for participants - is the creation of «profit center» in Kazakhstan The target of the program is consolidation of the efforts of business and the government in implementation of investment projects aimed on diversifying the economy of the country The projects within this program receive state support State strategy on industrial-innovative development

  5. Special economic zones Burabay Tourism cluster Burabay Astana – New City Petrochemical park Atyrau Marine port Aktau IT-Park Ontustyk Company established in Special economic zone is exempted from paying corporate, land and property taxes and value-added tax

  6. Business opportunities • Agro-industrial sector • Tourism • Renewable energy

  7. INVESTMENT CASE Access to large quantities of agri-and aquacultural resources (e.g., world's 10th largest wheat production, 20% of world's capture of sturgeon) Vast agriculture land and favourable climate Low processing costs (e.g., gluten* cost of production in Kazakhstan ~40% compared to Europe or Russia) Competitive labor costs and liberal labor market rules High domestic demand and attractive home market with 15.7 million inhabitants and 2nd highest GDP/capita in CIS after Russia Proximity of export markets (Europe, Russia, China, and Eastern Asia); tangible growth of exports already in the past State policy on intensifying productivity of the agriculture Projects: drip irrigation, food processing etc. Agro-industrial sector

  8. INVESTMENT CASE Strong increase of Kazakhstan's tourism revenues (e.g., 41% to USD 1.9 billion in 2007) due to Increasing touristic activities of Kazakhstan’s rising local middle class Growth in number of foreign tourists (12% p.a. in 2001-2006) Potential for further growth 2011 Asian Winter Games Government policy: one of the six strategic clusters Ambitious expansion plans projected to roughly quadruple number of tourist visits to ~440.000 by 2020 Increase in spend per tourist due to higher share of foreign tourists, growing wealth of Kazakhstan’s population (GDP/capita growth of 10% p.a. 2003-07) and extended service offering (e.g., hotels, ski schools) Projects: city tourism, eco-tourism, tourism on the routes of the Ancient Silk Road, cultural-historical heritage etc. Tourism

  9. INVESTMENT CASE •Outstanding natural conditions –50% of Kazakhstan's territory has average yearly wind speeds of 4-5 m/s, with individual locations with average wind speed of up to 9.5 m/s Existence of remote locations with high demand for non-traditional energy sources Local electricity market of 76 billion kWh (2007), expected to grow to 140-170 billion kWh by 2030 ~3.0 GWp of existing generation capacity requires replacement by 2015, with additional 4.0 GWp demanding replacement by 2030 ~87% of Kazakhstan's power generation is based on fossil fuels, contributing to poor relative performance in terms of CO2emissions per unit of GDP Legislative base to be defined within next years to set the base for long-term development of renewable energy Natural risks of wind power generation can be insured Projects: wind-power generation, solar energy, hydropower generation etc. Renewable energy

  10. Potential opportunities Construction and electrification of railways Construction and reconstruction of roads Development of air transport infrastructure Modernization of municipal infrastructure Private-public partnership

  11. Contact information Ms. Nessipbala Yermekova Director, Department of Regional Policy and Inter-Budgetary Relations Ministry of Economy and Budget Planning www.minplan.kz Ms. Ainur Baimyrza Programme Analyst UNDP Kazakhstan www.undp.kz

More Related