Kazakhstan’s economy grew 6 percent in the
first five months of 2025. Significant contributions came from the transport,
logistics, construction, trade, mining, and manufacturing sectors. President
Kassym-Jomart Tokayev announced this during the 37th session of the Foreign
Investors Council in Astana. He emphasized that the country’s favorable
geographic location, skilled workforce, and commitment to reforms create major
opportunities for investors. The established Investment Headquarters has
facilitated the implementation of 137 projects totaling $70 billion.
«The mining industry remains the backbone
of our manufacturing sector. Realizing the importance of mining on a
global scale, Kazakhstan has designed a stable investor-friendly mining
jurisdiction backed by transparent and comprehensive legislation. The
ongoing reforms in the mining sector have already attracted major players
such as Rio Tinto, Fortescue, Ivanhoe, First Quantum and Tech Resources to
engage in geological exploration in Kazakhstan. The new Tax Code will
introduce royalty regime encouraging downstream processing within the
country. We believe that rich mineral endowment, advanced mining
legislation, and transparent tax regime will position Kazakhstan as a strategic
hub in global critical minerals supply chain,» Tokayev said.
Kazakhstan ranks 6th globally in
agricultural land area and is also among the top ten grain exporters. Along
with foreign investors, the country is actively developing deep processing of
raw materials and implementing advanced technologies. Special emphasis is
placed on strengthening Kazakhstan’s status as a strategic transit hub. By
2029, the country plans to build an additional 5,000 kilometres of new
highways. The President reminded that, according to the United Nations (UN),
Kazakhstan ranks among the top 30 countries in digitalization and invited
international partners to cooperate in the development of digital and AI
infrastructure.
«AIFC ranks first in Eastern Europe and
Central Asia in the Global Financial Centres Index and leads the region in
green and digital finance. Over 89 percent of all transactions in
Kazakhstan are now cashless, and mobile banking usage has increased by more
than 460 percent in the last four years. In addition, we are planning to
create a pioneering pilot zone called Crypto City, where cryptocurrencies
might be used for purchasing goods, services and beyond. We are also
placing strategic importance on the development of artificial
intelligence (AI), recognizing it as a key driver of future growth,
competitiveness, and digital sovereignty,» Tokayev noted.
From 2025, no government agency may conduct
inspections of investors without the approval of the Prosecutor General’s
Office, nor may they initiate administrative proceedings, file lawsuits, or
impose restrictive measures. The President stressed that a sustainable and
mutually beneficial partnership between the state and business will become the
foundation for inclusive and long-term economic growth.
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