Kazakhstan updated the Concept of investment policy

The Government of Kazakhstan has updated the Concept of Investment Policy to improve the country's investment climate, Azernews reports.

"To enhance the investment climate, the government has adopted an updated Concept of Investment Policy. The purpose of the Concept is to launch a new investment cycle and fulfill the strategic objectives set by the National Development Plan of Kazakhstan until 2029," Bektenov stated while addressing foreign investors on November 1 during the VII forum "Global Investment Trends: Vision of the Future" in Astana.

The Head of the Cabinet of Ministers noted that Kazakhstan's economy has successfully adapted to new realities and continues to grow steadily. In the first nine months of this year, the country's GDP grew by 4%, primarily driven by the development of the non-primary sector.

According to Bektenov, measures such as exemptions from taxes and customs duties, the provision of in-kind grants in the form of land plots, and the reduction of administrative barriers through the digitalization of public services are in place to support investors.

"The government continues to create conditions to ensure maximum protection of the rights and interests of both domestic and foreign investors, moving away from a monopoly on jurisdiction. Kazakhstan is also actively signing international agreements on the promotion and mutual protection of investments with various countries. Such agreements have already been concluded with 51 countries," the Prime Minister noted.