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The 5th Business Forum of Conference on Interaction and Confidence Building Measures in Asia (CICA), 10-11 of November 2016, Astana, Kazakhstan

Silk road for SME

October 17, 2012 6:17 pm

"Silk Way" business forum was held in Kyzylorda on 13-14 October 2012. It was aimed to attract foreign investors, reconstruct and develop industrial assets, and promote new projects.

"Silk Way" business forum is organized by the regional administration of Kyzylorda region . The forum was attended by representatives of the relevant ministries and agencies, local authorities, regional branch of Entrepreneurship Development Fund "Damu", Chamber of Commerce of the Republic of Kazakhstan , representatives of domestic and foreign big business, SMEs, international experts and investors, public organizations.

Kyzylorda region is an agricultural and industrial region. The industrial sector represents most of the region's economy. Oil and gas, uranium industry and construction industry and rice cultivation experience an active development in the region. Implementation of long-term projects is planned in this region. In this regard, the relevant documents are being prepared and also researches are conducted.

The special role of "Damu" Fund was marked during the business forum. The Fund is a financial operator of the «Business Roadmap-2020» Program. Under this program, entrepreneurs of Kyzylorda region get assistance in the form of subsidizing interest rates on bank loans and express warranties.

Since the beginning of "Business Roadmap- 2020" Program 54 contracts on subsidizing of interest rate was signed with the total amount of 5.8 billion tenge. Moreover, two agreements on guarantees were signed, issuing 50 million tenge.