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Astana, Kazakhstan • 14 November, 2022 | 09:29

EY Survey Shows Kazakhstan Has One of Best Investment Climates in Central Asia

More than two-thirds of survey participants conduct business in Kazakhstan

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Getty Images

A survey conducted by Ernst&Young with Euromoney and fDI Market Intelligence gave a positive evaluation of Kazakhstan’s investment attractiveness, QazMonitor reports citing the press service of the Kazakh ministry of the national economy.

The Minister of National Economy Alibek Kuantyrov revealed the survey results during a panel session yesterday about current efforts to improve the investment climate and the available tools to support investors.

According to the minister, 116 foreign investors from all over the world took part in the survey. They included 33 companies with a turnover of more than 1.5 billion euros and 83 companies with a turnover of less than 1.5 billion euros.

Ministry of National Economy of Kazakhstan
Ministry of National Economy of Kazakhstan

Foreign experts concluded that Kazakhstan has now become one of the most popular countries for investment in the Central Asian region. More than two-thirds of investors who took part in the survey already conduct their activities in our country.

They also provided suggestions to ensure a favorable regulatory environment, qualified personnel, development of the digital economy, and promotion of a fair and transparent tax regime.

Last month, it was announced that Kazakhstan attracts about $24 billion in investments annually. Ninety percent of the investments come from South Korea, Japan, China, Russia, and the countries of Western Europe.

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