WNAM REPORT: Kazakhstan is to continue the work to improve its investment climate, President Kassym-Jomart Tokayev said addressing the 36th plenary meeting of the Foreign Investors’ Council (FIC) under the President of Kazakhstan held in Astana, our correspondent reports.
Kazakhstan attaches special attention to increase its investment attractiveness. The country posted the gross inflow of foreign direct investments of over 23 billion US dollars in 2023 alone. According to the International Institute for Management Development, this year, Kazakhstan has entered the top 35 competitive countries of the world. Moody’s also assigned the highest rating in the country’s history. We should not be complacent and keep working hard to further attract investments, said the Head of State.
The Kazakh leader reminded that the country has set an ambitious task to attract an additional 150 billion US dollars of FDI by 2029.
In order to support this, the government’s investment office now has the authority to address emerging issues, following the principle ‘here and now’. In May, I signed the presidential decree establishing a foundation for a significant liberalization of the national economy, and taking this opportunity, I reaffirm our commitment to further improve the investment climate in Kazakhstan, stated Tokayev.
Earlier it was reported that the 36th plenary meeting of the Foreign Investors’ Council (FIC) under the President of Kazakhstan kicked off at the Palace of Independence in the Kazakh capital of Astana.
Established in 1998, the Foreign Investors’ Council provides direct dialogue between the Kazakh government and foreign investors for efficient settlement of problematic issues related to their investment activity in the country and a better investment climate in Kazakhstan.
