(MENAFN- Trend News Agency) ASTANA, Kazakhstan, November 19. Kazakhstan plans to increase investment inflows into its economy to $400 billion by 2029, said Deputy Prime Minister and Minister of National Economy Serik Zhumangarin at a press conference following a Government meeting, Trend reports via the Kazakh government.

He noted that the proactive macroeconomic policy being implemented by the government will significantly increase investment inflows into Kazakhstan's economy.

The Deputy Prime Minister mentioned that currently, investments flowing into Kazakhstan's economy are at 16-17 percent of GDP.

"We need to attract 23-24 percent. If we continue as we are, by 2029, we will attract around $280 billion in investments, but we need $400 billion. The proactive macroeconomic policy that we are implementing through Baiterek with the involvement of all forms of ownership - second-tier banks, private investments, and so on - will allow us to attract the missing $120 billion. This is a vital necessity at this point," Zhumangarin said.

Earlier today, Zhumangarin also announced that the Government of Kazakhstan plans to allocate 1 trillion tenge (approximately $1.92 billion) to Baiterek Holding for the financing of 20 key economic projects from the national budget in 2026-2028.

Baiterek Holding is closely linked to the Government of Kazakhstan, which is its sole shareholder and plays an active role in its management.

As of November 19, 2025, according to the official exchange rate provided by the National Bank of Kazakhstan, 1 USD equals 521.01 KZT.

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