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Astana, Kazakhstan • 23 November 2023

Kazakhstan Aims to Implement 400 Investment Projects Worth ₸4.6 Trillion in 2024

According to forecasts, the country's investment influx will reach $27 billion by the end of this year

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primeminister.kz
primeminister.kz

On November 23, during a media briefing session, Prime Minister of Kazakhstan Alikhan Smailov underscored the government's commitment to attracting foreign direct investments and launching new projects. Projections suggest that the country's investment influx will reach $27 billion by the end of 2023, QazMonitor reports citing primeminister.kz.

Highlighting the significance of investment for Kazakhstan's economic development, the Prime Minister noted that the previous year witnessed a decade-high record of $28 billion in direct foreign investments. These funds were primarily directed toward the mining and metallurgical complex, processing industries, trade, transportation, and the financial sector.

PM Smailov also noted that as of the first half of this year, Kazakhstan has already secured $13.5 billion in direct foreign investments, with an anticipated total of around $27 billion by the end of the year. He expressed the government's commitment to maintaining this robust investment momentum, with the President setting a goal to attract $150 billion in direct foreign investments by 2029.

The Prime Minister outlined comprehensive efforts at both the government and local executive levels to achieve this objective. Notably, a pool of non-raw material sector investment projects has been curated, comprising 970 projects totaling 32 trillion tenge. In 2024, the plan is to implement 400 projects with a combined value of 4.6 trillion tenge.

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