Kazakhstan Unveils Ambitious Investment Plan: 234 Projects Worth 2.3 Trillion Tenge in 2024
Astana, The Gulf Observer: Kazakhstan is set to embark on a significant economic trajectory with the development of 234 investment projects totaling 2.3 trillion tenge in 2024. The announcement was made by Nurlan Baibazarov, the Deputy Prime Minister and National Economy Minister of Kazakhstan, underscoring the nation’s commitment to fostering dynamic economic growth.
Baibazarov emphasized the strategic importance of investment project development for Kazakhstan’s economic landscape. The integrated pool of investment projects aims to stimulate economic activities, attract capital, and contribute to the overall progress of the country.
Anticipating substantial growth, Kazakhstan is projected to witness capital investments reaching 22.1 trillion tenge in 2024, reflecting a remarkable 22% increase compared to the previous year. This surge in investments signals the government’s dedication to creating an environment conducive to economic development and innovation.
In line with these ambitious initiatives, Baibazarov highlighted the crucial role of investment project attorneys nationwide. These legal professionals will play a pivotal role in ensuring legal protection for investors and guiding them through the intricacies of the entire investment process. The comprehensive legal support aims to instill confidence in investors and streamline the execution of projects, fostering a conducive business environment.
Furthermore, Baibazarov disclosed that efforts are underway to relocate 37 foreign companies to Kazakhstan, showcasing the country’s commitment to creating a favorable investment climate. The government’s proactive measures, combined with legal support and substantial investment, are poised to propel Kazakhstan into a prominent position on the global economic stage.
As the nation forges ahead with its ambitious investment plan, Kazakhstan is set to leverage these initiatives to bolster economic growth, attract international investment, and solidify its position as a key player in the global economic landscape.
