Kazakhstan has ranked among the top 35 most competitive countries globally, according to the International Institute for Management Development. The country is increasing its investment attractiveness, President Kassym-Jomart Tokayev said at the 36th meeting of the Foreign Investors’ Council. To support businesspeople, the government has established an investment hub, liberalized the national economy, and modernized the legal and judicial systems. The new tax code also offers additional incentives, allowing investors to deduct all equipment and software expenses. Digital interaction between businesses and the Cabinet of Ministers will expand as well. A National Investment Platform for project tracking is expected to launch by year-end.
«The newly enacted 2029 National Infrastructure Plan opens the door of opportunities for local manufacturers. Some 200 large-scale infrastructure projects estimated at more than $86 billion will be pursued. The government will form a list of products for localization through offtake contracts. A highly skilled workforce is essential for industrial growth. That’s why I declared 2025 the year of working professions. We seek investors ready to advance the quality of Kazakhstan’s technical and vocational education and enhance educational infrastructure,» the President noted.
Tokayev named geological exploration and mining among the priority areas for investors. Kazakhstan has attracted over $1 billion in private investment in the sector over the past six years. The energy sector remains attractive, with a goal to reach annual oil production of over 100 million tonnes. The Head of State noted that Kazakhstan is set to develop the petrochemical industry.
«In 2022, the largest polypropylene plant in Central Asia with an annual capacity of 500,000 tonnes was launched. This facility now meets almost 60 percent of domestic demand and exports its products to Europe, Türkiye and China. In September of this year, we started the construction of a polyethylene plant. A number of petrochemical projects valued at 14 billion dollars are under consideration,» Tokayev said.
The President also focused on boosting investment appeal in clean energy, agriculture, transport, and logistics. Large projects with foreign capital are already underway, with plans to further expand. The country has developed new proposals to initiate joint productions in these sectors.
