The growth rate and the volume of Kazakhstan’s economy are expected to double by 2029. It will be achieved thanks to the implementation of the tasks set by the Head of State in his state-of-the-nation address. A special action plan, consisting of 100 measures, has been developed and presented during the first meeting of the newly restructured government. Within this action plan, special focus is placed on the agro-industrial complex, where investment subsidy standards for deep processing will immediately increase by half. Additionally, according to the Kazakh Minister of National Economy Alibek Kuantyrov, special focus is also placed on the IT sector. Thus, according to the instructions of the Head of State, IT hubs will be established in the countries of South-East Asia and the Middle East within three years to boost the export volume of IT services up to $1 billion. Legislative amendments will also be introduced to attract attention to the industry as well as encourage investors to make venture capital investments and build large data centers in Kazakhstan. Additionally, efforts will be directed towards realizing the transport and logistics potential, road reconstruction, as well as improvements in the education sector and other areas, according to Kuantyrov.
