Kazakhstan is planning to launch production of iron castings. The enterprise will become the second plant in the world capable of high-tech casting without the need for additional processing. Furthermore, another facility for ferroalloy production is set to be established in the country this year, with a capacity of 240,000 tonnes of export-oriented products per year. According to the Investment Committee of the country’s Foreign Ministry, a list of 281 investment projects worth two trillion tenge has been approved this year. Additionally, work on the creation of a single National Digital Investment Platform is currently underway. It will serve as a roadmap for attracting investor companies.
“The first phase of this project is slated for completion by the end of this year, with the second phase expected to be finished by the middle of next year. Moreover, the Head of State has set the task of attracting at least $150 billion to the country over a seven-year period. To achieve this, we aim to attract $24 billion in foreign investments by the end of the year. Additionally, it is planned to conclude at least four investment agreements before the year-end, two of which have already been signed. Furthermore, there are plans to sign or ratify at least three agreements on the promotion and protection of investments, as well as to launch at least 40 projects involving foreign investment, before the year’s close,” Ardak Zebeshev, Chairman of the Kazakh Foreign Ministry’s Investment Committee, said.
It is worth noting that Kazakhstan maintains its leadership position among landlocked countries, as well as post-Soviet and Central Asian states, in attracting foreign direct investment. For example, last year, the country attracted a record $28 billion in investments over the past 10 years. In the current year’s first quarter alone, the figure reached $7.6 billion, marking a 10 percent increase compared to the same period in 2022.



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