Kazakhstan plans to attract $150 billion in investments into
its economy by 2029. First Deputy Prime Minister Roman Sklyar noted that this
goal is entirely achievable. Experts believe Kazakhstan has established one of
the best investment climates, and the government is creating favourable
conditions for both domestic and foreign companies. Moreover, an Investment
Headquarters is currently operating in the country, having already reviewed 180
projects worth over $100 billion.
«We are making concrete decisions on these matters and
setting expedited timeframes for government agencies - and we are already
seeing tangible results. Moreover, this is, of course, a comprehensive effort
to debureaucratize. At the Prime Minister's instruction, for example, we now
set a maximum timeframe of two weeks for signing investment agreements under
standard terms - a process that previously took between six and twelve months.
In addition, the Investment Headquarters, when reviewing specific cases, makes
recommendations and issues instructions to government agencies to amend
legislation, thereby removing administrative and other barriers faced by
investors. The Foreign Ministry’s Investment Committee is also actively
involved. At the same time, the green corridor - an information system that
monitors every investment project and helps eliminate obstacles - plays a
crucial role in facilitating this process. All of this contributes to an
increase in both the volume and quality of investments,» said Sklyar.
Earlier, the Kazakh Ministry of National Economy announced
plans to attract around $25 billion in foreign investment to the country this
year.
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