President of Kazakhstan Kassym-Zhomart Tokayev led the 36th meeting of the Foreign Investors Council, at which he announced plans to attract $150 billion in direct investment by 2029, the press office of Akorda reported.
The National Infrastructure Plan until 2029 envisages the implementation of 200 projects worth over $86 billion, which will create new opportunities for local producers. Tokayev noted the significant contribution of international companies to the growth in Kazakhstan’s energy sector that has tripled oil output over the past 30 years.
«Over the past 30 years, oil output has increased threefold. This let Kazakhstan rank among the top 5 oil-producing countries,» Kassym-Zhomart Tokayev said.
Kazakhstan that ranks among the 35 most competitive economies in the IMD World Competitiveness Ranking is increasingly supporting foreign investment: the Investment Headquarters received expanded powers to promptly resolve issues.
The President highlighted progress in geological exploration that has attracted over $1 billion in private investment over 6 years and announced that 2025 will be declared the Year of Working Professions to promote employee training and development.
