BAKU, Azerbaijan, July 1. Kazakhstan aims to
attract over $25.5 billion in foreign direct investment (FDI) and
31.5 trillion tenge ($65.8 billion) in fixed capital investment
this year, the government's press service says.
This was announced by Prime Minister Olzhas Bektenov during a
government meeting.
The directive follows specific orders issued by President
Kassym-Jomart Tokayev during a joint session of the Chambers of
Parliament, tasking state bodies and institutions to systematically
upgrade the domestic business climate.
"The Head of State has outlined the task of further improving
the country's investment climate and implementing breakthrough
projects that increase added value in priority sectors of the
economy. Specific indicators and tasks for attracting investment
have been set for each minister and regional governor (akim). This
year, we must attract over $25.5 billion in foreign investment and
31.5 trillion tenge ($65.8 billion) of investment in fixed
capital," Bektenov said during the session.
The statement of Kazakh government notes that to ensure these
thresholds are met, the Ministry of Foreign Affairs, alongside
responsible government agencies, has been instructed to scale up
its target performance metrics.
Additionally, the Ministry of Foreign Affairs will collaborate
with the Prosecutor General’s Office to streamline comprehensive
project support frameworks, ensuring strict legal protection and
safeguarding the rights of international investors across the
country.
