$7 billion in contracts were secured at the Global Investment Roundtable in Kazakhstan
Kazakhstan Global Investment Roundtable (KGIR) showcased the emerging trends in the investment landscape on Nov. 1, culminating in a landmark $7 billion in signed agreements. The high-profile event brought together international investors, government officials, and industry leaders, all eager to explore new opportunities in Kazakhstan’s evolving investment landscape.
“We are in a time of unprecedented challenges and opportunities. Kazakhstan has adapted well to recent changes and continues to grow steadily,” said Prime Minister Olzhas Bektenov, addressing the plenary session. The nation’s GDP grew by 4% during the first nine months of 2024, driven by the development of the non-commodities sector.
The government recently adopted an updated national investment policy extending to 2029, as noted by Bektenov. He outlined key support measures for investors, including 14 special economic zones, incentives for strategic investors, and legal protections. Bektenov emphasized that strategic investors in Kazakhstan can benefit from tailored support through investment agreements that guarantee legislative stability for 25 years, particularly concerning tax and labor laws.
“Developing local industries remains a key priority for us. Domestic companies benefit by working within the supply chains of major investors, gaining experience, and improving quality standards. Large investment projects have a multiplier effect on the growth of small and medium businesses. Our aim is to ensure that as foreign production in Kazakhstan grows, so does the share of local content in the products,” said Bektenov.
