Kazakhstan is experiencing a positive trend in investment activity. According to the country’s Government, investments in fixed capital increased by 13% over the year and exceeded 22.5 trillion tenge. Experts attribute the growing investor interest to institutional reforms, including the adoption of a new Constitution in the country. The document not only strengthens guarantees for the protection of investors’ rights but also ensures access to fair justice and creates more transparent and predictable conditions for doing business, said Christopher Campbell-Holt OBE, Registrar and Chief Executive of the AIFC Court and IAC. In addition, the Basic Law sets long-term development guidelines and enhances confidence from the international business community. This directly impacts citizens’ lives - new enterprises are being opened, jobs are being created, and infrastructure and technology are developing. Such approaches are in line with best international practices, Christopher Campbell-Holt noted. In particular, in England and several other countries, strong legal institutions and clear rules form the basis of a sustainable investment climate.
«This Constitution will make a profound positive impact in giving that extra trust and confidence in the minds of those investors. They keep coming here and get better user experience because of what the Constitution says, because of the laws which I know are going to be coming out shortly, and these regulations and rules to support at an operational level what that means in practice for citizens of Kazakhstan and businesses coming to Kazakhstan. It’s an enormously constructive and positive development,» noted Christopher Campbell-Holt OBE, Registrar and Chief Executive of the AIFC Court and IAC.
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