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Kazakhstan's President Calls For Ecosystem Formation To Support Investors
At an extended government meeting, Tokayev discussed the decline in direct foreign investments, revealing that the volume of foreign direct investments in Kazakhstan during the first nine months of the past year reached $12.7 billion, marking a 36 percent decrease compared to the same period in the previous year.
“Declining foreign direct investment flows have been observed in several regions, including Aktobe, Almaty, Atyrau, East Kazakhstan, Zhambyl, Pavlodar, and North Kazakhstan regions, as well as in the city of Almaty. The decrease in private investments is being compensated by budgetary funds.
Given the budget deficit, it is crucial to introduce additional incentives for responsible investors offering high-quality investments. Such policies align with my strategy aimed at liberalizing the economy," he added.
Tokayev underscored the need for the government to create a cohesive ecosystem that would strengthen the search, support, and protection of investors at all levels-internationally, regionally, and centrally.
"This policy applies to both foreign and domestic investors. Investors who receive government support must be held accountable through reasonable commitments such as preserving jobs, modernizing production, and adhering to environmental standards," the president added.
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