Kazakhstan plans to attract at least $150 billion of direct investment by 2029

The Concept of Investment Policy until 2029 is aimed at attracting at least $150 billion of foreign direct investment and increase their inflow to fixed assets to 23% of GDP, El.kz news agency reports with reference to the press service of the Government of Kazakhstan.

This year, 70 new projects will be launched, of which 34 have already started production. As part of the ratification of the Intergovernmental Agreement with Qatar, it is planned to implement 9 projects with the attraction of about $20 billion of investments in industrial and infrastructure projects.

"Financial institutions of the Islamic Bank Group and investment funds of the Persian Gulf are actively showing interest in Kazakhstan as investors this year. In the near future, it is expected to sign an agreement with the Islamic Development Bank worth more than $1 billion on financing and implementing water projects. There is also a preliminary intention to finance about 30 projects in Kazakhstan worth more than $7 billion in sectors such as water resources management, construction and reconstruction of transport infrastructure, healthcare, oil and gas sector, education," Deputy Prime Minister - Minister of National Economy Nurlan Baibazarov said at a briefing following the meeting of the Government.

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