Kazakhstan boosts mechanism to attract investments

Astana: Kazakhstan has introduced a new mechanism, an investment agreement that can be directly concluded with the government. It provides a wide rang...

Astana: Kazakhstan has introduced a new mechanism, an investment agreement that can be directly concluded with the government. It provides a wide range of incentives and stability of legislation for a period of 25 years.

The government is constantly working to improve the domestic investment climate to align with the best international standards, a commitment confirmed by various international rankings.

The country has established an appropriate legislative base and has signed 49 bilateral and multilateral investment treaties to guarantee investors’ rights.

Kazakhstan has developed multiple platforms for effective communication and resolution of arising issues. For example, the Foreign Investors’ Council, chaired by the President, focuses on strategic investor issues, while the Council on Improvement of the Investment Climate and the Investment Council under the Prime Minister address systematic and current investor concerns.

Since 1993, Kazakhstan has attracted a total of $441bn in foreign direct investments (FDI). The top 10 investors since 2005 are the Netherlands, the USA, Switzerland, China, Russia, France, the UK, Belgium, the Republic of Korea, and Japan.