Addressing the plenary session of the Council of Foreign Investors in Astana, Head of State Kassym-Jomart Tokayev outlined the promising areas for cooperation with investors.
In particular, the President focused on the development of Kazakhstan’s industrial potential.
He said the mining industry remained the key processing sector of Kazakhstan’s economy. Kazakhstan formed a sustainable and investor-friendly jurisdiction with transparent and comprehensive legislation given the global value of the mining sector and metals. The reforms helped attract large players such as Rio Tinto, Fortescue, Ivanhoe, First Quantum and Tech Resources to the country’s geological exploration.
Kassym-Jomart Tokayev stressed that the new Tax Code foresaw a royalty regime that encouraged in-depth raw materials processing in the country.
He expressed confidence the rich mineral resources base, contemporary legislation on subsoil use and transparent taxation system would help Kazakhstan take a strategic place in the global chain of deliveries of critically important minerals.
The Head of State highlighted that Kazakhstan was making decisive steps to deep raw material processing and new-generation industrial production. (Kazinform)