Kazakhstan has attracted more than $155 billion in foreign direct investment over the past seven years, with most of the funds channelled into industry, infrastructure and the non-resource sector. Since 2019, 625 new production facilities have been launched across the country, while mechanical engineering, agriculture, construction and transport are emerging as key areas of economic growth. These figures were cited in an article on Kazakhstan’s economy by the British business publication The World Financial Review. The authors attribute these developments to President Kassym-Jomart Tokayev’s policy of diversifying the economy and gradually reducing the country’s dependence on the commodity sector. The article also highlights Kazakhstan’s progress in digitalisation, with more than 90 percent of public services now available online. According to the World Intellectual Property Organization (WIPO), Kazakhstan ranks among the world’s top ten countries for the development of e-government services. The authors note that these achievements are boosting the country’s investment appeal and creating new opportunities to carry out projects.
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