Kazakhstan Sets Ambitious Goal For Foreign Investments
Date
10/17/2024 2:04:16 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, October 17. Ongoing reforms
hold a crucial role in maintaining internal stability and driving
economic growth in Kazakhstan, said President Kassym-Jomart Tokayev
during a keynote address at the Astana Think Tank Forum, Trend reports.
"Kazakhstan has made substantial strides in the economic arena.
We've successfully attracted $400 billion in foreign direct
investment," he said. The president underscored the importance of
these investments in fostering a robust Economy and emphasized the
country's commitment to creating a favorable investment
climate.
President Tokayev announced the launch of a new investment cycle
with a strategic goal of attracting an additional $150 billion in
investments by 2029. "We recognize how crucial it is to provide
investors with comprehensive state support and to make timely
decisions," he remarked, reinforcing the government's dedication to
facilitating economic growth.
To further streamline investment processes, the government has
established an Investment Council endowed with broad authority to
oversee strategic investment projects. "This council will play a
pivotal role in ensuring that our investment landscape is both
efficient and transparent," the president noted.
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