BAKU, Azerbaijan, June 5. Kazakhstan is the
regional leader in attracting foreign investment, President
Kassym-Jomart Tokayev said while addressing the international forum
"Administrative Justice and Its Role in Ensuring the Rule of Law"
in Astana, Trend
reports, citing the presidential press service.
According to Tokayev, Kazakhstan is creating a favorable legal
and institutional environment to stimulate business activity,
including mechanisms for resolving investment disputes.
"As a result, up to 80% of court rulings are now issued in favor
of investors," he said.
The president stressed the importance of constructive
cooperation between the authorities and the business community,
noting that current challenges should be discussed openly and
addressed through joint efforts.
"I instruct officials in positions of authority to seek
compromises in any disputed situation. At the same time, the search
for solutions must not contradict the requirements of the legal
system. In other words, any agreement must remain within the
framework of the law," Tokayev said.
He noted that another important factor supporting investment
inflows is the operation of the Court and International Arbitration
Centre established within the Astana International Financial Centre
under the principles of English common law.
Tokayev also highlighted the work of the government's Investment
Headquarters and the recently established Committee for the
Protection of Investors' Rights, which are aimed at improving the
investment climate and addressing investors' concerns.
"As a state that is highly interested in improving the business
and investment climate, we keep this area under special control.
Kazakhstan currently leads the region in attracting foreign
investment," the president said.
