BISHKEK -- Kyrgyz Prime Minister Sapar Isakov has told investors that the government is taking steps to attract more foreign investment, 24.kg reported Monday (February 12).
"One of my first decisions as head of government was to raise the status of the [agency] responsible for attracting investments," Isakov said.
He made his remarks during a meeting with Mohamed Ali Alabbar, the head of the Dubai-based Emaar Properties real estate developing firm, at the annual World Government Summit in Dubai, United Arab Emirates. The event is scheduled for February 11-13 (Sunday-Tuesday).
"Now the [Kyrgyz] Agency for Promotion and Protection of Investments is ... directly subordinate to the prime minister, [it will] quickly solve the problems of investors," he said.
Isakov invited Alabbar to invest in Kyrgyz tourism, pointing out that the government is taking measures to eliminate bureaucratic obstacles for foreign investors.
"We have introduced a visa-free regime for citizens of 45 countries," Isakov said. "Nature, mountains and lakes allow us to develop year-round hotel business and other types of tourist services."
Isakov also told Alabbar about Kyrgyzstan's "40 Steps into a New Era" programme, which focuses on business development from 2018-2023 and seeks to create favorable conditions for investors.
The project's goal is to provide surplus hydro-electric power from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan during the summer months.
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