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31 October 2024 | 21:36
Tokayev outlines ambitious investment goals for Kazakhstan
Tengrinews.kz – President Kassym-Jomart Tokayev highlighted Kazakhstan's ambitious investment goals during the 36th Plenary Session of the Foreign Investors' Council, emphasizing the country's commitment to enhancing its investment climate, according to the Akorda press service.
ПОДЕЛИТЬСЯ
Tengrinews.kz – President Kassym-Jomart Tokayev highlighted Kazakhstan's ambitious investment goals during the 36th Plenary Session of the Foreign Investors' Council, emphasizing the country's commitment to enhancing its investment climate, according to the Akorda press service.
In his opening remarks, Tokayev noted that the Council has become a crucial platform for dialogue on improving the investment environment. He referenced the International Institute for Management Development (IMD) rankings, which placed Kazakhstan among the top 35 most competitive countries globally.
"We have set an ambitious goal – to attract an additional $150 billion in foreign direct investment by 2029. To achieve this, the government’s investment headquarters has been granted extended powers to address challenges efficiently. In May, I signed a decree to further liberalize the national economy, strengthening the foundation for significant progress. We will continue with systematic steps to improve the conditions for investors," Tokayev stated.
The President also highlighted Kazakhstan's extensive mineral resources and discussed efforts to increase transparency and efficiency in mineral exploration and mining. He noted that the country attracted over $1 billion in private investment for geological exploration in the past six years, with about 1.6 million square kilometers of land open for exploration rights.
Tokayev further shared Kazakhstan’s commitment to industrial growth, announcing that 2025 will be the "Year of Vocational Professions" to address the need for a highly skilled workforce. He encouraged investors to support the development of technical and vocational education and related infrastructure in Kazakhstan.
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