PM Smailov calls on foreign investors to invest in Kazakhstan

Astana, The Gulf Observer: Prime Minister of Kazakhstan Alikhan Smailov held an interim meeting of the Council of Foreign Investors, discussing measures and proposals for further improving the investment climate in Kazakhstan, according to the reports of primeminister.kz.

In his speech, the Kazakh Prime minister said that the Kazakh government sets itself an ambitious task of doubling the size of the economy to $450bn by 2029.

During this period, we aim to attract at least $150bn of foreign investments, including through the implementation of the ESG principles. To achieve these goals, we take systemic measures to improve the country’s investment climate, he said.

As the Kazakh prime minister said, the theme of the next plenary meeting of the council will be ‘New industrialization of Kazakhstan’.

The government takes all the necessary measures to maintain the economic growth dynamics and improve the investment climate. We call on our foreign investors to invest in projects in Kazakhstan, said Smailov.

Reports were also made by representatives of companies such as Ernst & Young, TotalEnergies, Knauf, KPMG as well as heads of the central government bodies of Kazakhstan.

Following the discussion, the Kazakh PM stressed that all the proposals and recommendations stated are to be elaborated by the government.

As part of the event, Smailov also awarded appreciation letters for the contribution to the development of the Foreign Investors Council and the country’s investment climate in general.