For 10 years, the foreign investments in Almaty amounted to $ 3.5 billion, Almaty Mayor Bauyrzhan Baybek said during the Annual International Investment Forum Almaty Invest, the correspondent of Kazinform reports, kapital.kz writes.
Bauyrzhan Baybek noted that during previous five forums more than 40 memorandums worth $1 billion were signed, out of which 12 projects worth $400 million were implemented.
“Almaty is one of the most developed megacities in Central Asia with economy of $35 billion. During the years of independence, the economy of this megalopolis increased 100 times. The city constitutes 20%GDP and 25% of country's taxes. International companies actively invest in the city. Over 10 years, investments have been attracted for $22.2 billion, including $3.5 billion in foreign funds. This year, investments have grown by 21%, including foreign ones by 24%”, said Almaty Mayor Bauyrzhan Baybek.
Akim also stressed that trade and services constitute 86% of the city’s economy. “The contribution of small and medium-sized businesses is more than 40%, that is, it is a sustainable economy that is not dependent on oil. One third of the largest taxpayer companies in Kazakhstan, more than 30 transnational companies, 90% of the head offices of banks, 43% of joint ventures and large international organizations are based here. Recently, a new hub building was opened for 14 UN specialized agencies”, said Bauyrzhan Baybek.
Almaty’s Mayor also added that in its development he relies on a global vision in the implementation of local reforms and is focused on best world practices, including U.N. Sustainable Development Goals and OECD standards. Along with UNDP and the French company Systra, a comprehensive transport reform was developed, with U.S. company IDC - the Smart Almaty concept. The master plan for the city is developed with support of the Canadian-American company HATCH.
More than 500 delegates from around the world take part in the Almaty Invest forum. The guest list includes well-known politicians, world and Kazakhstan business leaders, heads of investment corporations, financial institutions and international organizations.