The Committee on Investments of the Ministry of Foreign Affairs of the Republic of Kazakhstan, together with the Ministry of Tourism and Sports of Kazakhstan, supported by JSC “NC “Kazakh Invest” and JSC “NC “Kazakh Tourism,” organized an acceleration program aimed at improving the investment climate and identifying barriers hindering the implementation of investment projects in the tourism sector,El.kz cites MFA.
This constructive dialogue between state and business representatives addressed a range of pressing issues for SMEs, including reducing monthly payments to the state national nature parks for land use in national parks, extending loan terms, introducing other forms of state support, and improving access to infrastructure and communications.
In his opening remarks, Deputy Minister of Foreign Affairs of Kazakhstan, Alibek Kuantyrov, emphasized that, according to the World Travel and Tourism Council, the tourism sector’s contribution to the global economy is projected to reach a record 11.1 trillion US dollars in 2024. In this context, unlocking the potential of Kazakhstan’s tourism sector as a strategic economic priority is becoming increasingly important, especially in light of the goal to attract 150 billion dollars in investments by 2029. Improving approaches and regulatory frameworks will not only modernize the industry but also boost investment inflows.
The Chairman of the Board of JSC “NC “Kazakh Tourism,” Alikhan Baidusenov, expressed readiness to collaborate with JSC “NC “Kazakh Invest” on developing investment projects in the tourism sector.
The event also featured participation from Member of the Mazhilis of Parliament Temir Kyrykbayev, representatives of the Presidential Administration of Kazakhstan, financial institutions, quasi-state bodies, and business entities, including LLP “PANA ASIA,” TÖR'RE Group, LLP “Kaskasu Resort,” LLP “Vista Lago,” and others.
As a result of the discussions, the proposals and recommendations developed will be analyzed, and, if necessary, submitted for consideration at the Investment Headquarters meeting under the Government of Kazakhstan, El.kz cites MFA.
The objective of these acceleration meetings is to identify and eliminate barriers hindering the implementation of investment projects, improve the investment climate, and create favorable business conditions in the country. This approach fosters productive dialogue between government agencies and private businesses to identify the most effective solutions.