The 2019 Almaty Investment Forum launched in the Southern Capital
27 november 2019
The main goal of the forum is to increase the investment attractiveness of Almaty.
More than 700 representatives of business circles were registered to participate in the forum, of which 142 were foreign companies, and 126 were representatives of international companies in Kazakhstan.
On the margins of the forum, the akim of Almaty, Bakytzhan Sagintayev held a number of bilateral meetings. This includes meetings with the CEO of Mitsui & Co. Moscow Meguro Hiroshi and the President of Japan System Planning Co., LTD Kumano Kasuyuki; Jonathan Wotzel, Senior Partner and Director of McKinsey & Company Global Institute; and Jochen Berbner, Managing Partner of McKinsey & Company Kazakhstan. In addition, a meeting was held with the akim of Almaty, B. Sagintayev and a member of the House of Lords, ex-Minister of Commerce and Industry, ex-Minister of Social Security of Great Britain, Lord Peter Lilly.
During the forum, 31 agreements and memorandums of cooperation and understanding are expected to be signed, between government bodies and business communities, amounting $ 2.3 billion. In particular, a memorandum of cooperation and consultation on mutually interesting issues will be signed to achieve the common goals between the Akimat of Almaty and the Astana International Financial Center.
As well as the signing of a memorandum - on mutual understanding under the preliminary agreement on financing the Green Cities project between the Akimat of Almaty and the EBRD, in the amount of $ 11.3 million. Addressing the forum participants, the akim of Almaty, Bakytzhan Sagintayev, noted that the forum is taking place in a historic moment, when the agenda for the development of Almaty for the next 30 years is being formed. The Development Strategy of Almaty until 2050 has been drawn up and submitted to a broad-based consultation procedure among citizens. The main objective is to enter the top 100 best cities in the world, in terms of quality of life and business opportunities.
“This requires a solid economic foundation. The urban economy should grow at a rate of at least 5 percent per year. To ensure this growth, we are beginning a deep structural reform of the urban economy. The reliance is on the sectors of the new economy. And this structural maneuver of ours opens up fundamentally new fields for investment,” said the city akim, B. Sagintayev.
According to him, the ultimate goal of the structural maneuver is to develop export production, expand the presence of Almaty manufacturers in the global high-tech economy. Only in this manner will the city receive a new model of economic growth that is competitive on the world stage. In the near future, the growth of Almaty will be polycentric and will concentrate in several zones in different parts of the city. The renewal of urban infrastructure will open up a new field for investment within the next five years already. The “New Almaty” plan alone, assumes unprecedented investments in the amount of 834.5 billion tenge.
At the current rate, this is 2 billion 155 million dollars. During the plenary sessions, issues of new investment opportunities of Almaty for cooperation, development of the concept of “smart cities”, trends in the real estate market, real estate and new challenges of modern cities will be considered. At the same time, discussions will be held on the topics of the “Future growth sectors and the development of innovations in Almaty”, “Geo-economics of large infrastructure projects: Almaty in the center of the Great Silk Road”. There will also be a round table discussion on the opportunities and prospects of private investment in education, science and health. Issues of tourism development will not be neglected.
A presentation of Almaty as a new international center for tourism will be held for the forum participants. The managing partner of McKinsey & Company in Kazakhstan, Jochen Berbner, noted that Kazakhstan has all the prerequisites for the development of tourism, especially in such fast-growing niche segments, such as ecotourism, sports and business tourism. According to him, Almaty belongs to the top tourist destinations in the country, due to the picturesque nature, warm climate and developed infrastructure.
“Due to its geographical location, Almaty has great chances to attract tourists from those countries whose population is now actively investing in travel, in particular from China, India, and Russia. Kazakhstan has adopted a State industry development program with ambitious and achievable targets. The main thing is to strictly and consistently adhere to the strategy and implement the plans, ”said J. Berbner.
he geography of the forum is represented by such countries as the United Arab Emirates, Japan, USA, Qatar, Saudi Arabia, Turkey, Great Britain, Russia, China, Korea, Austria, Germany and others. In addition, representatives of international companies in Kazakhstan participated in the forum. Including EBRD, EUROBAK, ADB, World Bank, Bank of China in Kazakhstan, MUFG Bank, Tengri Bank, Al Hilal Bank, Mitsubishi, EY, PwC, KPMG, Samsung, Nokia, Sun Pharma, BASF CA, Philip Morris International, CNPC Chevron and others.