Eurasia Group AG will invest $50 million in the construction of 10 service centers in Kazakhstan

President of Kazakhstan took part in a meeting of the Investment round table, held in Switzerland. In his speech K.Tokayev noted that the round table is of key importance for the development of trade and economic relations between Kazakhstan and Switzerland. During the event the parties signed commercial agreements for $301 million, reports World of NAN referring to Kazakhinvest.

The Swiss Confederation has for many years been one of the main strategic and investment partners of Kazakhstan.

"Investments of the Swiss capital in our country's economy for the last 15 years have reached 26 billion Swiss francs. In turn, Kazakhstan's investments in Switzerland have reached 775.2 million Swiss francs. More than 200 Swiss companies successfully invest and work in Kazakhstan. For us, this is a positive sign of high confidence in Kazakhstan and the investment approach, which we have worked hard to promote, - said the President.

The head of state stressed that Kazakhstan is the largest and one of the fastest growing economies in Central Asia. Over the 30 years of independence it has attracted over $370 billion in direct foreign investment. Trade is carried out with 180 countries of the world.

According to K.Tokayev, the country adheres to the principle of individual support and support of each investor on a turnkey basis. The state guarantees legal and financial stability for the most important investment projects for up to 25 years," Tokayev said.

The President pointed out that he personally heads the Foreign Investors Council and the investment ombudsman works under the guidance of the Prime Minister.

"Kazakhstan has the only International Financial Center "Astana" in Central Asia with an independent court, which operates on the basis of English law. The International Arbitration Center, which provides a prompt alternative to court proceedings, is also established within IFCA. Members of the Center providing financial services are exempt from corporate income tax and VAT until 2066. Foreign exchange, visa and labor requirements have been simplified. More than 1,000 companies from 59 countries have entered our stock exchange," said the head of state.

President of Kazakhstan told the Swiss investors that the country has created 37 special economic and industrial zones in the priority sectors of the economy.

In recent years Kazakhstan has created a strong transport and logistics base and ensured the integration of the country into global transport corridors. Dozens of international transport routes connecting China, Central Asia, the CIS countries, the Persian Gulf and Europe pass through our country.

During the Investment Roundtable, Jan Atteslander, Vice-President of the Association of Swiss Enterprises for Foreign Economic Relations Economiesuisse, and Peter Spuhler, CEO of Stadler Rail AG, and many others spoke at the roundtable.

Six commercial agreements to the amount of $301 million and ten non-commercial documents were signed at the end of the round table. Among them is the memorandum of understanding on construction of 10 service centers of Eurasia Group between the JSC "NC "Kazakh Invest" and Eurasia Group AG to the amount of $50 mln. In addition, an agreement on creation of an agricultural fund between the LLP "Samruk-Kazyna Invest" and Inoks Capital to the amount of $50 mln. The parties came to an agreement on a project to create a livestock complex in the Almaty region worth $50 million. In addition, K. Tokayev said that the company Stadler has been identified as a strategic partner of the national railway company Kazakhstan Temir Joly and signed an agreement worth $100 million.