Kazakhstan and foreign investors have concluded
agreements worth over $1.5 billion. In general, more than 20 commercial
contracts, mostly with China, Turkey and Arab countries, were signed in various
sectors of the economy at the forum in the city of Astana. It should be noted
that last year, the total volume of foreign investments in Kazakhstan grew by
18 percent to $28 billion, hitting a record over the past 10 years. For the
last six months of 2023, the figure increased by 13 percent, compared to the
same period in 2022. Overall, Kazakhstan is interested in attracting at least
$150 billion in foreign capital until 2029. To this end, the National Pool of
Investment Projects, which includes about 1,000 offers for $70 billion, has
been set up.
“Kazakhstan is probably the top one country
that creates conditions for businesses. Today the country offers 260
different preferences and benefits. No other country in the world allows for so
many opportunities for business development. We have a certain list of priority
activities, which includes the majority of preferences, provided by the state,
only production and further redistribution,” said Ruslan Ibraimov, Deputy
Chairman of the Kazakh Invest National Company.
“We have a couple of Saudi companies interested
to invest in many fields in Kazakhstan such as real estate development,
tourism, agriculture, manufacturing, technology. And the Road Map has
been signed for water power, wind energy and battery storage project worth
about $ 1.5 billion which is already announced. This project will be completed
by 2027,” said Ahmed Al Dakheel, Chairman of the Kazakh-Saudi Business Council.
