Companies are being offered the chance to relocate to Kazakhstan
Kazakhstan’s president, Kassym-Jomart Tokayev, has instructed the government to create the necessary conditions to welcome in foreign companies that were forced to leave Russia amid the Ukraine-related sanctions, TASS reported on Thursday, citing the president’s press service.
“The government should create favorable conditions for [the companies’] relocation to Kazakhstan. This will give us good opportunities to increase the production of non-resource-based goods,” Tokayev was cited as saying.
The Kazakh leader noted that nearly half of Russia’s 1,400 foreign companies have suspended operations or left the country since the start of Moscow’s military operation in Ukraine in February.
According to Tokayev, the government was also instructed to prepare a number of investment projects in the manufacturing industry, but “there is little to brag about,” as no new projects have been established so far.