31st Plenary Session of the Foreign Investors’ Council (FIC) chaired by the President of the Republic of Kazakhstan Nursultan Nazarbayev was held on June 6, 2018. The topic of the event was "Accelerated modernization”

06 June 2018

Leaders of large multinational companies discussed issues of digital transformation, application of new technologies, prospects for further economic growth, digitalization modernization (implementation of digital technologies in the extraction of products), the introduction of elements of Industry 4.0, as well as infrastructure modernization and training issues.

The Session was addressed by the Head of State Nursultan Nazarbayev, President of the European Bank for Reconstruction and Development, Sir Suma Chakrabarti, Minister for Investment and Development of the Republic of Kazakhstan Zhenis Kasymbek, Chairman of the Supreme Court of the Republic of Kazakhstan Zhakip Asanov, Chairman of the Board of the Kazakhstan Foreign Investors’ Council Association Agris Preimanis, Minister of National Economy of the Republic of Kazakhstan Timur Suleimenov, President of LUKOIL Vagit Alekperov, Chief Executive Officer of Royal Dutch Shell plc Ben van Beurden, President of ExxonMobil Neil Duffin, President of Polymetal UK Igor Finogenov, Executive Vice President of Chevron Corporation Jay Johnson, Chairman of the Board of Directors of Eurasian Development Bank Andrey Beliyaninov, Chairman, President and CEO of Baker Hughes, General Electric Lorenzo Simonelli, Chairman of the Managers Board of ERG Sarl Alexander Machkevitch and others.

Since the establishment of the FIC chaired by the Head of State, 30 Plenary Sessions were held in which they discussed a wide range of issues, including improving the legal environment for foreign investment in the country, improvement of the judicial system in Kazakhstan, the optimization of the tax system and foreign labor attraction, improvement of Kazakhstan's investment image, energy of the future, as well as a number of other issues.

The FIC is a unique platform chaired by the President of the Republic of Kazakhstan. The Council was established in 1998 to provide a direct dialogue between the government of the Republic of Kazakhstan and foreign investors to effectively solve the problematic issues related to their investment activities in the country and improve the investment climate in the Republic of Kazakhstan.

The FIC includes the heads of 35 large multinational foreign companies and international organizations.