BAKU, Azerbaijan, June 5. Kazakhstan is the regional leader in attracting foreign investment, President Kassym-Jomart Tokayev said while addressing the international forum "Administrative Justice and Its Role in Ensuring the Rule of Law" in Astana, Trend reports, citing the presidential press service.
According to Tokayev, Kazakhstan is creating a favorable legal and institutional environment to stimulate business activity, including mechanisms for resolving investment disputes.
"As a result, up to 80% of court rulings are now issued in favor of investors," he said.
The president stressed the importance of constructive cooperation between the authorities and the business community, noting that current challenges should be discussed openly and addressed through joint efforts.
"I instruct officials in positions of authority to seek compromises in any disputed situation. At the same time, the search for solutions must not contradict the requirements of the legal system. In other words, any agreement must remain within the framework of the law," Tokayev said.
He noted that another important factor supporting investment inflows is the operation of the Court and International Arbitration Centre established within the Astana International Financial Centre under the principles of English common law.
Tokayev also highlighted the work of the government's Investment Headquarters and the recently established Committee for the Protection of Investors' Rights, which are aimed at improving the investment climate and addressing investors' concerns.
"As a state that is highly interested in improving the business and investment climate, we keep this area under special control. Kazakhstan currently leads the region in attracting foreign investment," the president said.
