Today, Kazakh President Kassym-Jomart Tokayev chaired an
extended government meeting to review the country’s socio-economic development
in 2024 and outline key tasks for the upcoming period. Last year, GDP growth
reached 4.8%. High dynamics was achieved in agriculture, construction, trade,
and transport. Notably, the manufacturing sector saw an increase of nearly 6%.
The statistical figures reflect tangible results: 29 large plants were built in
Kazakhstan, producing cast iron, tungsten and heat insulating materials, copper
cathode, and more. Despite the challenging global situation, the country's
economy is growing. However, President Tokayev emphasized that many unresolved
issues remain. The government will have to make difficult decisions to prevent
stagnation and ensure sustainable development. To this end, the Head of State
has identified priority areas, with economic diversification as the primary
focus. He highlighted the strategic importance of focusing on high-quality
investments, including in geological exploration, and providing additional
incentives for investors.
«The government needs to create a cohesive ecosystem that
will enhance the search, support, and protection of investors at all levels –
abroad, in the regions, and at the central level. This policy applies to both
foreign and domestic investors. Furthermore, investors receiving government
support should be required to make reasonable reciprocal commitments, such as
preserving jobs, modernizing production, and complying with environmental
standards,» Tokayev said.
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