New investment cycle to be launched in Kazakhstan

Kazakhstan’s President, Kassym-Jomart Tokayev, reminded of the need to double Kazakhstan’s national economy in his keynote speech at the Altyn Sapa Awards on December 12.

In the speech, the Kazakh Head of State touched upon the ambitious goal he had highlighted in his recent state-of-the-nation address of doubling the national economy up to $450 billion by 2029.

To this end, in his words, Kazakhstan needs to launch a new investment cycle that is set to become a pivotal element of the country’s economic growth.

Tokayev reminded that last week he signed the decree on enhancing the efficiency of work on attraction of investments, adding that from now on the Investment Office will focus on prompt and unhindered implementation of projects.

Moreover, the Investment Office was granted the right to draft normative legal acts, having the force of law. This will let improve the investment climate in Kazakhstan, he added.

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