Alibekov also noted that in 2018, Kazakhstan implemented the Subsoil Code, which operates on the principle of "first come, first served." This innovation significantly increased the transparency of procedures and simplified the market entry process for investors.
"To assist investors in the early stages, the government created the Geographical Survey Company, which is engaged in exploration and preparing ready-to-invest projects. This company also operates in a virtual format," he added.
Additionally, the Deputy Chairman reported on the availability of a wide range of tax incentives for investors, as well as support in the areas of energy supply and infrastructure.
"Kazakhstan has significant reserves of critically important minerals; however, modern technologies in the field of rare earth and rare metals are required for their effective extraction," Alibekov emphasized.
