Kazakhstan’s Strategic Investment Plan Targets $150 Billion by 2029

Kazakhstan’s Strategic Investment Plan Targets $150 Billion by 2029

Kazakhstan is eager to draw $150 billion in investments by 2029 through a variety of strategies, including governmental preferences, anti-corruption efforts, and reduced bureaucracy. These days, everyone is vying for investors. Developed and neighbouring nations are attempting to attract them. Thus, in this cutthroat market, we have to maintain our advantage,” Ospankulov stated.

With the help of 68 embassies, the Kazakh government is implementing a “package solutions” strategy by providing investment programmes tailored to the needs of the nation. A fibre cement production plant was suggested to be built in Astana’s industrial zone as an example of how to increase material quality. Ospankulov said, “To draw top businesses in fibre cement technology to Kazakhstan, we will discuss this investment possibility with embassies.”

Owing to the state budget’s constraints, foreign investments are essential to the construction of medical facilities and cultural establishments. Prompted legislative solutions and public-private partnerships are being used to overcome infrastructure and bureaucratic difficulties.

Recent investments from the US, China, South Korea, the Netherlands, and Switzerland—including a $200 million Kia plant—demonstrate the nation’s growing appeal. Major corporations like GE HealthCare, Roche, and ACWA Power are involved in upcoming projects that should start in the next two years.