Exploring Strategies to Attract Foreign Investment in Kazakhstan
ASTANA – The Kazakh capital recently hosted a roundtable event on Sept. 24 focusing on the best international practices for attracting foreign direct investment. Organized by the European Business Association of Kazakhstan (EUROBAK) with the support of Kazakh Invest national company and the United States Agency for International Development, the event aimed to enhance investment conditions in the country.
Deputy Foreign Minister Alibek Kuantyrov highlighted Kazakhstan’s investment climate, state support measures, and recent innovations designed to improve investment conditions. He emphasized the country’s commitment to updating regulations to stimulate investment effectiveness, simplify the regulatory framework, increase transparency, and protect investors’ rights. Kuantyrov also mentioned a special investment instrument, the Investment Agreement, that guarantees stability of agreed conditions and offers a wide range of individual preferences for large-scale investments in priority industries.
Kuantyrov further discussed the fruitful development of investment cooperation between Kazakhstan and the European Union. He noted the significant progress in bilateral relations over the past thirty years, highlighting the EU as Kazakhstan’s largest trade and investment partner, and Kazakhstan as the EU’s largest trading partner in Central Asia.
The roundtable served as a valuable platform for networking, exchanging experiences, and discussing promising projects. It facilitated productive discussions on attracting foreign direct investment and implementing best international practices to boost Kazakhstan’s economic development.
