Kazakhstan interested in attracting at least $150bn worth of foreign investments – PM Smailov

 Kazakh Prime Minster Alikhan Smailov attended the 6th Kazakhstan Global Investment Roundtable, which brings together heads of major industrial enterprises, financial sector representatives, politicians and experts from around the world, Kazinform Agency cites the Kazakh government. 

Over past years, the Kazakhstan Global Investment Roundtable has proved to be an effective dialogue platform to enhance cooperation between Kazakhstan and the international investment community.

Innovative technology application, food security, transport and logistics capacity development, export capacity expansion and so on are on the agenda of the 6th Kazakhstan Global Investment Roundtable.

This year, the event brought together representatives from Great Britain, Vietnam, Germany, Canada, Qatar, China, the UAE, Saudi Arabia, the USA, Türkiye, France, Czechia, and other countries.

Addressing the event, the Kazakh Prime minister pointed out that 70% of foreign investments in Central Asia fall at Kazakhstan.

Last year, the overall direct foreign investments rose 18% to $28bn. Over six months of this year, nearly $14bn was attracted into the national economy. Fitch, S& P и Moody’s international agencies confirm the stability of sovereign credit rating of the country, said Smailov.

The head of the Kazakh government noted that in his recent state-of-the-nation address to the Kazakhstani people Kazakh Head of State Kassym-Jomart Tokayev announced the need for transitioning to a new economic model. In particular, the government was set the major task of increasing the size of economy to $450bn, a two-time rise, by 2029.

Attracting investments is the key factor of growth, Within the national investment policy taking into account of the ESG standards, Kazakhstan is interested in attracting not less than $150bn of foreign investment. For that, we continue creating favorable conditions for investors, including improving investment support instruments, said the Kazakh Prime minister.