Kazakhstan is going to invest $650 million in capital development

/IRBIS, Feb.10, 00/ - REUTERS informs about statement of the President of Kazakhstan at the meeting of the Government. The President insists on large investments in Astana. Despite of economic difficulties in country, in 2000 it is planned to spend approximately $650 million, the president of Kazakhstan has informed. As Nazarbaev has informed, $50 million from $650 million will be invest from the Astana budget. "I've agreed with the Arabian countries about a grant on new capital - almost hundred millions dollars. Including $15 million on Senate building, $15 million on the building of government, $50 million on other objects. It is the grant, it not the credit... How I have agreed - is my problem", - has told Nazarbaev. Yesterday Mazhilis, lower chamber of Parliament, ratified two agreements of Kazakhstan with Kuwait and Saudi Arabia on receiving of the grants for construction of Akimat (administration) and Senate buildings. The Kuwaiti fund of Arabian economic development will grant $10 million, Saudi Arabia - $15 million. The buildings will be constructed by Kazakhstan-Arabian joint ventures.