Tokayev opened the session by acknowledging the advanced international financial panorama, marked by slowing GDP development forecasts, inflationary pressures, and disrupted provide chains, reported Akorda.
“Such developments could additional worsen the outlook of the worldwide financial system, pointing to the necessity for constructive worldwide dialogue,” he mentioned.
Regardless of international challenges, Kazakhstan demonstrated resilience. In response to Tokayev, the nation’s financial system grew by 6% in January-Might, pushed by transportation, logistics, building, commerce, and each extractive and manufacturing industries.
In response to Tokayev, Kazakhstan’s strategic location, expert human capital, and agency dedication to reforms supply broad alternatives for each traders and the nationwide financial system.
He highlighted the function of the Funding Headquarters, created to resolve investor considerations, which has already facilitated 137 funding tasks value $70 billion and initiated 140 authorized amendments.To guard investor rights, a “prosecutorial filter” was launched – no authorities physique can provoke checks or file authorized claims towards traders with out approval from the Prosecutor Common’s Workplace.Kazakhstan is streamlining investor companies by means of the brand new Nationwide Digital Funding Platform – a one-stop resolution integrating consultations and allow processing.
Tokayev additionally introduced the submission of a brand new Tax Code to the Senate geared toward boosting personal sector exercise by providing focused incentives for native manufacturing and exporters.
“This doc offers preferences for traders creating native manufacturing, in addition to assist for exporters of merchandise with important added worth,” he mentioned.
The President recognized Kazakhstan’s mining business as a central pillar of its industrial growth. He famous the nation’s clear laws and rising worldwide participation in geological exploration, citing partnerships with Rio Tinto, Fortescue, Ivanhoe, and others.
“Kazakhstan has fashioned a secure, investor-friendly jurisdiction with clear and complete laws,” Tokayev mentioned.
Tokayev reiterated that Kazakhstan is present process a serious transformation in rail and street infrastructure to strengthen its function as a regional logistics hub.
“By 2029, we plan to modernize 11,000 kilometers of railroads and construct 5,000 kilometers of latest traces,” Tokayev mentioned.
He introduced the early launch of the Dostyk–Moiynty part, which can improve throughput fivefold. Different key corridors underneath growth embody Darbaza–Maktaaral, Bakhty–Ayagoz, Moiynty–Kyzylzhar, and Altynkol–Zhetygen.
Street upgrades are additionally in full swing, with 13,000 kilometers underneath building or modernization in 2025 alone.
Kazakhstan ranks among the many prime 30 globally in digital growth, in response to the UN. Tokayev shared statistics displaying the variety of fintech companies quadrupled since 2018, with greater than 4,000 corporations now registered on the Astana Worldwide Monetary Centre (AIFC).
