ASTANA, Kazakhstan, February 10. As of today,
Kazakhstan's accumulated direct foreign investments since 2022 have
exceeded $84 billion, with investments in fixed capital rising by
almost 50%, said President Kassym-Jomart Tokayev at a Government
meeting, Trend
reports via the presidential press service.


Tokayev underscored the critical significance of initiating a
fresh investment phase. He observed that at this moment, the
investment landscape is favorable. Nonetheless, he highlighted that
even with the uptick in foreign direct investment inflows last
year, the rate of attraction is still lacking. To tackle this
issue, it is essential to establish an environment conducive to
drawing in private investment.


“We need a comprehensive strategy to attract new, high-quality
investments to create modern, high-tech production. The private
business sector plays a crucial role in this, as it is the main
source of quality investment, job creation, and growth in citizens'
incomes,” Tokayev stated.


He also pointed out that as inflation levels off and begins to
drop, the focus should turn to bolstering market fundamentals.
Development institutions should establish effective partnerships
with businesses and the financial sector based on mutual
cooperation rather than competition.


“There are several investment-attractive sectors, the
development of which should rely on constructive cooperation
between the government and businesses. These include rare-earth
metals, oil and gas chemistry, digital infrastructure, renewable
energy, transport, and agro-processing. For example, as
technological development accelerates, the demand for critical
materials sharply increases. Investors from Western and other
developed countries are showing high interest in such projects in
Kazakhstan. This is our global competitive advantage, which we must
use effectively for the benefit of the country,” the president
added.







Regarding the major investing nations, the Netherlands, the
United States, Switzerland, Russia, and China are the largest
foreign investors in Kazakhstan, primarily focusing on energy,
mining, and transportation sectors. In 2024, Russia became the
largest investor with $4 billion, while total foreign direct
investment (FDI) exceeded $17 billion. The Netherlands and the U.S.
follow as major investors, particularly in energy and oil and
gas.


Key investment sectors include energy and mining, receiving $6.5
billion in 2024, transport and warehousing, and a growing
manufacturing sector.


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