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Kazakhstan making 'significant progress in economic sector' says president

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Ongoing reforms are essential for sustaining internal stability and promoting economic growth in Kazakhstan, stated President Kassym-Jomart Tokayev during his keynote address at the Astana Think Tank Forum.

"Kazakhstan has achieved significant progress in the economic sector, having successfully attracted $400 billion in foreign direct investment," he remarked. The president highlighted the critical role of these investments in building a strong economy and reaffirmed the nation’s commitment to fostering a conducive investment environment.

President Tokayev also announced the initiation of a new investment cycle aimed at securing an additional $150 billion in investments by 2029.

"We understand the importance of providing comprehensive state support to investors and making prompt decisions," he emphasized, reiterating the government's commitment to enhancing economic development.

To optimize investment procedures, the government has formed an Investment Council with extensive authority to oversee key investment initiatives. "This council will be instrumental in ensuring that our investment environment is both effective and transparent," the president added.

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