History of Astana, part 3.

History of Astana, part 3.
The region of Akmola and northern Kazakhstan have huge prospects for the development of the mining industry, especially the development of deposits of industrial diamonds, tin, zirconium, uranium and gold. The transfer of the capital to this region served as a huge incentive for the industrial development of neighboring regions, in particular, Karaganda, Pavlodar, East Kazakhstan and Kustanai region, as well as the activation of local private entrepreneurship through the creation of joint foreign companies and branches of major banks.
Moving to Akmola, the leadership and the administration of the country created an influx of the best managerial experts and experts. All information and innovations flow here. All this promoted business in Akmola and its suburbs. The capital market has become more diverse, with a wide range of goods and services. In the near future, Akmola will strengthen its position in the international market for agricultural products. Agriculture, banking, economics, insurance and transport & ndash; these are topics of permanent fairs and exhibitions held in Akmola.
Akmola is called to become an important cultural and scientific center of Kazakhstan. A new infrastructure is being created here, including the separation of the National Academy of Sciences, new educational institutions, the National Library, the National Museum, modern art galleries, the Center for Social and Economic Technologies, business centers, children’s parks, water attractions, and health facilities. The population of Akmola is growing, especially because of the expansion of the services sector: transport, communications, utilities, etc. Naturally, with the transfer of the capital, there was a nationwide redistribution of labor resources, and especially highly-qualified personnel headed for the new capital. As a result, Akmola will become the center of politics, economy, science, education, culture, in short, everything that until recently was concentrated in Almaty. According to preliminary estimates, the population of Akmola will increase to 550,000 by 2030.
To develop the region’s economic potential, to attract foreign investors to participate in the economic development of the capital, in 1997 Akmola was declared a special economic zone.
Firstly, Akmola & ndash; this is a customs-free zone. Any physical or legal person engaged in the sphere of the capital business can import goods into the territory of the special economic zone, being exempt from taxes.
Secondly, goods manufactured in the territory of a special economic zone are exempt from customs duties when exported.
And, thirdly, for the construction and maintenance of real estate there is also a favorable climate of taxation.
Almost 18 billion tenge was invested in the fixed assets of the city of Akmola in 1997, including Turkish, Israeli, Italian and other foreign investments. Kazakhstani businessmen are also no less active investors. They create large companies, such as & Astana- Holding & raquo ;, & Raimbek, & laquo; Accept and Diamond & raquo ;. Rehabilitation and development of the economic potential of the new capital region is carried out in accordance with a special plan. Local production is equipped with new equipment, modern technologies. The main industrial giants, which under former conditions did not reach the new economic standards, are reorganized, restructured into separate enterprises for the production of household appliances, spare parts for agricultural equipment, electrical equipment, etc. No less advanced is the program of the capital development of telecommunications, which promises to provide as many as 30 phones per 100 inhabitants of Akmola by 2010.


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