World Monitor Magazine, #5, Industry World Monitor Magazine, Industrial Overview | Page 12

Invest to kazakhstan
With this , investors also have a unique opportunity to receive subsidies , compensation for investment and operating costs , management fees , and charges for accessibility .
We would like to emphasize that the enterprises , established and operating within the special economic and industrial zone , are authorized for the following preferences : finished , developed infrastructure , exemption from value added tax , when importing equipment and its components , raw materials and materials for a period of five years ; state land grants in the form of gratuitous use of land ; exemption from corporate income tax , land and property tax for strategic and priority investment projects ; payment of investment grants after the commissioning of the production facility up to 30 % of the costs incurred for putting the facility into operation , etc .
Third , the development of Almaty , as the Tourism Center of Eurasia and the Great Silk Way .
Almaty is the pearl of Central Asia and has inexhaustible tourism potential . The city ’ s development , as a center for winter sports , is primary potential . One can reach the ski resorts from Almaty airport in 30-40 minutes – it is the world ’ s
best indicator . And Shymbulak , unlike other resorts in the world , is open around the clock . In 2011 Almaty hosted the Asian Games , in early 2017 it will host the Universiade . The city boasts of its world-class sports facilities .
Fourth , Almaty ’ s further development based on public-private partnership .
Developing efficient institutions that can interact between state and business in Almaty is priority . It is essential to forming a successful economy , increasing investment activity , growth of the city ’ s competitiveness , as well as the development of its industrial and social infrastructure .
This partnership provides for support measures , such as a state guarantee on infrastructure , government guarantees on loans , transfer of exclusive rights to intellectual property , provision of land grants , co-financing of publicprivate partnership projects , and consumption guarantees ( public procurement ).
According to this principle , 25 projects have been formed in Almaty to the amount of KZT 130.8 billion , including 15 projects in the education sector , seven projects in the health sector , as well as projects in the fields of transport , sport and nature management .
Overall , a favorable geographical location , well-developed transport and logistics infrastructure , productivity of small and mediumsized businesses , favourable investment climate , an actively growing economy – increases the investment attractiveness of Almaty day by day . To further strengthen the investment-attractive potential and development of the investment of state supported institutions , the Investor service centre was established and business support financial instruments are used .
It should be noted that in December of this year the annual international investment forum ’ Almaty Invest 2016 ’ will be held with the central themes highlighting discussions on attracting foreign capital to Kazakhstan and Almaty , as well as the role of public and private initiatives for improving the investment climate .
We stand on the threshold of a new starting point , and we invite you to participate in the meteoric economic rise of the city , its prosperity and well-being .
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