Breaking News

Kazakh

Kazakh PM Olzhas Bektenov Chairs Kazakh Invest National Company Board Meeting

Astana, December 11, 2024 – The Europe Today: Prime Minister Olzhas Bektenov convened a meeting of the Board of Directors of the Kazakh Invest National Company to review the results of the company’s activities and discuss strategies for attracting further investments to Kazakhstan’s national economy. The meeting, which was held in collaboration with central and local government bodies, focused on the progress of investment projects and future initiatives.

Yerzhan Yelekeyev, Chairman of the Management Board of Kazakh Invest, reported that 22 investment projects worth USD 1.1 billion were launched in 2024. These projects have led to the creation of approximately 4,800 new jobs across the country.

Additionally, investment agreements totaling USD 2.5 billion have been signed for seven new projects. Among the key initiatives are the construction of a 1 GW wind power station in Zhambyl region, the establishment of dairy production facilities in Almaty region, and the development of a greenery complex in Shymkent.

Yelekeyev emphasized that efforts are underway to attract a total of USD 10 billion for large-scale projects in partnership with major international companies, including CHN Energy, Carlsberg, PepsiCo, ULTRADECOR, and LASSELSBERGER GROUP.

In the wake of the meeting, an action plan for 2025 was approved, outlining specific goals and projects aimed at further bolstering Kazakhstan’s economic development through foreign investment.