Kazakhstan claims that it has attracted record $400bn in Foreign Direct Investment

Kazakhstan President Kassym-Jomart Tokayev recently announced that his country has successfully attracted $400bn in Foreign Direct Investment (FDI), with plans to bring in an additional $150bn by 2029. This new investment cycle will be spearheaded by the Investment Council.

During his address at the Astana International Forum, President Tokayev highlighted the significant political reforms underway, which aim to bolster stability and cater to the democratic aspirations of the populace. He cited the recent referendum on the construction of a nuclear power plant as evidence of Kazakhstan's commitment to democratic values.

In addition to attracting foreign capital, Tokayev reaffirmed Kazakhstan's commitment to regional cooperation, particularly within Central Asia. He noted the beneficial impacts of increased collaboration among neighboring countries and highlighted the significant transformations in the region over the past decade.

The president asserted the growing importance of Central Asia on the global stage, advocating for the voices of middle powers like Kazakhstan to be amplified in international forums, including the UN Security Council.

Tokayev highlighted the country’s diplomatic efforts, including facilitating the nuclear deal with Iran and hosting negotiations between Armenia and Azerbaijan.

In his concluding remarks, Tokayev reiterated Kazakhstan's commitment to peace and stability, emphasizing the need for an inclusive and sustainable international system where all nations, regardless of size, can contribute to building a better world.