Kazakhstan launches new $78.6 billion investment cycle

Kazakhstan launches new $78.6 billion investment cycle

A new investment cycle is taking shape in Kazakhstan, with 215 projects worth a total of $78.6 billion currently in the pipeline. Since the beginning of the year, 25 investment agreements worth nearly 4.4 trillion tenge have been signed. According to the Government’s press service, the projects span key sectors of the economy, including energy, metallurgy, pharmaceuticals, agriculture, infrastructure, and healthcare. A major focus is on launching new production facilities in Kazakhstan and increasing the output of higher value-added products. For example, 173 billion tenge is set to be invested in four pharmaceutical projects enabling the production of 356 types of medicines. In the agricultural sector, investors plan to develop the deep processing of wheat, corn, and legumes. Another major area is digital infrastructure. In Ekibastuz, plans are underway to establish a Data Center Valley for cloud services, computing, and artificial intelligence. The project is estimated to be worth around $30 billion. Overall, investment activity in Kazakhstan is on the rise. Between 2019 and 2025, investment in fixed capital nearly doubled, reaching 23.5 trillion tenge, while investment in manufacturing tripled to 3 trillion tenge.