Streamlining Investments in Kazakhstan with Green Corridor System
Kazakhstan Introduces Fast Track Green Corridor to Streamline Investment Projects
ASTANA — Kazakhstan has announced a new system of assistance for investment projects, known as the Fast Track or Green Corridor, to simplify and expedite the process for investors. This initiative, first introduced by Deputy Prime Minister and Minister of National Economy Nurlan Bazarbayev in March, aims to streamline essential procedures from registration to the commissioning of facilities. By doing so, investors will be able to efficiently manage infrastructure concerns, obtain necessary licenses, and overcome bureaucratic barriers.
The National Investment Platform, currently in the pilot phase in Kazakhstan, is designed to monitor the implementation of a portfolio of investment projects across different regions and industries. The Kazakh Invest national company will establish a one-stop shop to attract both domestic and foreign investors with investments exceeding $50 million. This system, which applies international standards in industrial construction, is expected to reduce project implementation time by 1.5 to 2 times and cut costs by 20-30% during the design and construction phases.
Positive results from the project are already being seen, as highlighted by a recent meeting held by the Chamber of Entrepreneurs of the Aktobe Region on August 14. The meeting, attended by local administration, the prosecutor’s office, and business leaders, focused on investment projects implemented under the Green Corridor system.
The regional prosecutor’s office plays a crucial role in protecting investors’ rights, with specific mechanisms in place to support investment projects and safeguard investments. During the meeting, 27 business representatives planning to implement 31 major projects in the region were awarded certificates of participation in the Green Corridor project. These participants included both domestic entrepreneurs and international businessmen from countries such as China, Russia, Türkiye, and the United States, showcasing the global interest in Kazakhstan’s developing investment landscape.
