ASTANA, Kazakhstan, September 4. Kazakhstan is improving its investment climate by modernizing legislation and implementing large-scale infrastructure projects, said Deputy Prime Minister Kanat Bozumbayev during a plenary session of Astana Finance Days, Trend reports.
According to him, the country has modernized the regulatory
framework for special economic and industrial zones, which ensures
predictable tax and customs benefits, as well as access to sites
with ready engineering infrastructure.
“Investor protection has been significantly strengthened for
projects costing over $60 million. Investment agreements guarantee
legislative stability for up to 25 years,” Bozumbayev
emphasized.
He noted that six such agreements were signed last year, and 22 have already been concluded this year. Moreover, Bozumbayev particularly highlighted the key role of the Astana International Financial Centre (AIFC) in attracting investments.
Kazakhstan presents a robust investment landscape characterized
by a legal framework rooted in English common law principles,
complemented by a dedicated judiciary and a globally oriented
educational infrastructure. The AIFC facilitates entry into debt
and equity capital markets, encompassing “green” finance mechanisms
and Sharia-compliant financial instruments.
In the context of strategic initiatives, Bozumbayev unveiled the
"Alatau City" project within the Almaty region, encompassing an
extensive area exceeding 80,000 hectares. The initiative delineates
the establishment of a holistic framework integrating manufacturing
capabilities, research infrastructure, and contemporary urban
environments.
The initiative encompasses the establishment of a comprehensive
agro-processing and logistics nexus, poised to evolve into a global
export conduit for organic agricultural commodities.
“Our plans also include creating international centers for knowledge, medicine, education, and tourism. This will attract business initiatives, highly qualified specialists, and creative teams, providing a powerful multiplier effect for the city’s economy,” Bozumbayev said.
According to Bozumbayev, the project’s implementation will ensure modern infrastructure, transparent and stable business conditions, as well as consistent government support.
“Alatau City will become one of the leading investment and innovation hubs in Kazakhstan and Central Asia,” he concluded.
