Approves the Concept of Investment Policy 2024-2029
18 Oct 2024
On 18 October 2024, the Government of Kazakhstan approved the Concept of Investment Policy 2024–2029.
The goal of the Concept is to enhance the country's investment environment and attract at least $150 billion in foreign direct investment. Among the key measures introduced by the Concept are:
- The launching of a national digital investment platform aimed at streamlining permitting for investors.
- The introduction of a unified register of investor issues and complaints aimed at improving the mechanisms for investor aftercare and advocacy.
- The establishment of regional investment headquarters to address challenges faced by investors in in local projects.
The Concept also emphasizes financing strategic sectors such as energy decarbonization, agriculture, and transport while improving the efficiency of Special Economic Zones (SEZs) and Industrial Zones (IZs). Additionally, it introduces a differentiated approach to investment preferences based on industry and region, introduce investor obligations tied to financial and non-financial incentives, and reduced-rate loans for infrastructure projects facilitated through the Development Bank of Kazakhstan.
The measures for implementation of the Concept will be taken according to the approved Concept Action Plan until 2029.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives, Special economic zones)
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Industry:
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Not industry specific
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Primary (Agriculture, forestry and fishing)
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Manufacturing
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Services (Electricity, gas, steam and air conditioning supply, Transportation and storage)
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Sources:
