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28.05.2020

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Investment potential of the region

Information about the investment potential of Atyrau region and the conditions created for foreign investors, including the opening of joint ventures

Atyrau region is one of the most developed industrial regions of Kazakhstan. The share of industrial production in the region is more than 25 percent in the volume of industrial production of the republic. In terms of gross regional product (GRP) and average wages, the region occupies one of the leading places in the republic.

The potential of the region is due to the presence of a wide range of natural resources, mainly hydrocarbons, as a result of which the city of Atyrau bears the unofficial status of the “oil capital” of the Republic. This is confirmed by the two largest oil and gas fields in Kazakhstan, located in the region: Tengiz and Kashagan, with total reserves of 4.5 billion tons of oil and 2.0 trillion. m3 of gas. The presence of the raw material base makes the region an ideal place to create a national oil and gas cluster, envisaging the development of petrochemistry, oil and gas engineering, manufacturing products with deep processing and high added value.

In the region, also receive a powerful impetus to the development and such industries as energy, construction industry and agro-industrial complex.

Due to the favorable investment climate, our region is a leader among regions of the Republic in attracting investment.

For reference: in January-April 2016, the volume of investments in fixed assets amounted to 560.4 billion tenge, including external investments of 358.4 billion tenge (64.0% of the total investment accounted for by foreign investors).

Today the region is already successfully cooperating with more than 50 countries of the world. About 700 joint and foreign enterprises have been created and are successfully operating in the region.

1. One of the constituent investment attractiveness of the region is the presence of the FEZ “National Industrial Petrochemical Technopark” (hereinafter “NINT”), with a total area of 3.5 thousand hectares, the purpose of which is the construction and commissioning of infrastructure facilities, the development of chemical, petrochemical and related productions. To date, 14 participants have been registered on the territory of the SEZ NINT and a number of investment projects are being implemented, which are designed to give a new impetus to the development of the petrochemical industry in Kazakhstan.

Also, it is planned to implement the following investment projects, such as the production of polypropylene, with a capacity of 500 thousand tons per year; polyethylene, with a capacity of 800 thousand tons per year; butadiene, with a capacity of 250 thousand tons per year.

For potential participants throughout the territory of the FEZ, a special legal regime is in place, providing for tax, customs and other benefits.

2. In Atyrau region, an Industrial zone is created, with a total area of 210 hectares. At the expense of the state budget all the necessary infrastructure will be brought in to create favorable conditions for investors. On the territory of the industrial zone, it is planned to create modern industrial-industrial complexes that meet international standards.

3. Within the framework of public-private partnership with JSC “NK“ SEC ”“ Atyrau ”, foreign investors can implement jointly investment projects in various sectors of the regional economy. The share of the SEC should not exceed 49%. Also, SEC guarantees the supply and provision of all the necessary infrastructure for an investment project: land acquisition, energy and water supply, roads, communications, etc.

4. To improve the investment climate and create favorable conditions for the activities of foreign investors, the organization “Atyrau Innovations” was created in the region. One of the main goals of the organization is information-analytical and service support on the “one-stop shop” principle to provide quality and prompt assistance to domestic and foreign investors. Atyrau Innovations is ready to provide all possible assistance to investors at any stage of the project and on any issues regarding the procedures and legislation of the Republic of Kazakhstan.

Also, LLP "Atyrau Innovations" in the framework of public-private partnership is working on the development of concession proposals and the preparation of tender documentation for potential investors. According to the terms of the concluded contract, foreign investors can receive a reimbursement of investment costs under a public-private partnership project after a certain period.

Also, in order to attract investors, the region hosts the annual international investment business forum ATYRAU INVEST, the North Caspian Regional Exhibitions Atyrau Oil & Gas and Atyrau Build. More than 100 Kazakhstan and foreign oil and construction companies take part in the exhibitions.

In order to establish cooperation and explore investment opportunities in the region, from the beginning of 2016, a number of delegations from CIS and non-CIS countries visited the region with official visits: Canada, the Republic of Belarus (Gomel region), the United States of America, the United Kingdom (Aberdin), the Kingdom of the Netherlands, Italy, the Republic of Turkey and others.

Investment potential of the region

Atyrau region cooperates with more than 52 countries of the world. In the region, 431 joint and foreign enterprises have been created and are successfully operating, including branches and representative offices, including joint ventures - 123, and foreign 308.

In order to attract investment in the region's economy:

- developed and approved an Action Plan to attract investments, develop special economic zones and stimulate exports in Atyrau region for 2012-2014;

- an interactive map of the mineral resource base and the transport infrastructure of the region was produced;

- an Atlas of the investor was made and a video about Atyrau region was released, revealing the investment opportunities of the region;

- the Center for Investor Services was established under the JSC SPY ATYRAU.

Since December 2011, a pilot project “Increasing Regional Competitiveness” has been implemented, initiated by the Organization for Economic and Social Development (OECD) and the European Union. The completion of the project is expected in May 2015.

In the period from April 3 to 5 this year. Akimat of Atyrau Region took part in the work of the 11th North Caspian Regional Exhibition “Atyrau Oil & Gas 2012”, “Atyrau Bild 2012” and the 6th Technology Conference.

In April of this year. A visit of a trade mission of Canadian companies (7 companies) took place.

On April 26 of this year, with the support of the British Trade and Investment Representative Office in Atyrau, a roundtable was held in the regional akimat chaired by the first deputy akim of the region with representatives of government agencies and 14 British companies operating in Atyrau region.

The delegation of Atyrau region on May 22-24 of this year. took part in the work of the V Astana Economic Forum with an exposition about the investment attractiveness of Atyrau Special Economic Zone “National Industrial Petrochemical Technopark.

On October 30-31, 2012 in Atyrau, with the support of the UK Department of Trade and Investment (UKTI), Shell Kazakhstan, BG Kazakhstan, and the Society with the support of the Ministry of Industry and New Technologies of the Republic of Kazakhstan, the Third Kazakhstan-British Interaction Program Forum was held in the field of logistics.

In the framework of intergovernmental agreements, bilateral trade and economic cooperation is carried out with the regions of the Russian Federation, the Republic of Belarus, the Republic of Ukraine, and the Republic of Azerbaijan. In particular, for many years already the most actively cooperating enterprises and organizations of Atyrau region with partners from Astrakhan region in the areas of border trade, shipbuilding and ship repair, transport.

In addition, meetings with representatives of Embassies and representative offices of foreign states accredited in Kazakhstan, as well as international financial and public institutions are regularly held in the regional akimat.

For example, in 2012, meetings were held in the regional akimat with the delegations of the embassies of Austria, Netherlands, Great Britain, Canada, France, Korea, Hungary, USA, Poland, and the companies Al Falah, Bauer Kazakhstan, etc.

As part of the meetings held, the Office of Business and Industry held talks on possible areas for enhancing and developing bilateral cooperation, creating joint ventures, implementing joint investment projects, and attracting investments from these countries to the regional economy.

Information on attracting foreign direct investment

According to the Department of Statistics of Atyrau region, in 2012 the volume of investments in fixed assets amounted to 1,032.1 billion tenge, which is 6.7% lower than the corresponding period in 2011. The reason for the decline in volume is the reduction of foreign investments by 36.7%, according to the results of 2012, the volume of which amounted to only 475.7 billion tenge. This decline occurred as a result of the completion of the construction work of Agip KCO company at the Bolashak plant.

The volume of investments in fixed assets in January 2013 amounted to 83.5 billion tenge, which is 111.0% compared to the corresponding period of 2012, including foreign 47.2 billion tenge.

In order to increase the inflow of investments in the region’s economy, the oblast akimat carried out the following work:

- developed and approved an Action Plan to attract investments, develop special economic zones and stimulate exports in Atyrau region for 2012-2014;

- an interactive map of the mineral resource base and the transport infrastructure of the region was made;

- an Atlas of the investor was made and a video about Atyrau region was released, revealing the investment opportunities of the region;

- the Center for investor servicing was created at Atyrau SEC JSC, which conducts informational and outreach work with entrepreneurs with the involvement of regional media to highlight the main measures stipulated by the Plan for Attracting Investments and Export Development, the PIC activities;

- the Regional Council for the Improvement of the Investment Climate was created, which included representatives of state institutes, public associations, Kazakhstani and foreign companies operating in Atyrau region. The main goal of the council is to develop proposals for creating a favorable investment climate in Atyrau region, including protecting the rights and interests of domestic and foreign investors and improving the regulatory framework for investment policy, tax, administrative and customs legislation.

In addition, in order to present the investment opportunities of the region to representatives of foreign countries, the Akimat of Atyrau Region organizes visits to the region by foreign diplomatic missions accredited in the Republic of Kazakhstan. In 2012, meetings were held in the regional akimat with the delegations of the embassies of Austria, the Netherlands, Great Britain, Canada, France, Korea, Hungary, the USA and the companies of Al Falah, Bauer Kazakhstan, etc. Also, in January-February 2013, meetings were held with delegations from the Embassies of Japan, the United Kingdom and a representative of Construction Technologies and Machines CJSC.

At the same time, in order to present the investment proposals and opportunities of the region outside the country, the Akimat of Atyrau region also organizes visits abroad. Thus, the delegation of Atyrau region, headed by akim of the region B. Izmukhambetov in February of this year. visited the Republic of Turkey, where meetings were held with potential Turkish investors. During the current year, visits to a number of other countries are planned.

Within the framework of the meetings held, the Akimat held talks on possible directions for intensifying and developing bilateral cooperation, creating joint ventures, implementing joint investment projects, and attracting investments from these countries to the regional economy.

At the same time, in February 2013, a road show was held with the participation of Deputy Prime Minister - Minister of Industry and New Technologies A. Issekeshev at the meeting of the Intergovernmental Kazakhstan-Japan Commission on Trade and Economic Cooperation in Tokyo. The event was attended by Head of the Department of Business and Industry of Atyrau Region L.Zhumagaliyeva.


Date of publication: 24.06.2016 09:43

Recent changes page: 28.11.2018 12:58

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