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Kazakhstan targets $150bn by 2029 as Central Asia’s investment hub deepens Gulf ties

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·GN Focus Report·about 1 month ago
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Kazakhstan has set a target of attracting $150 billion in investment by 2029, leveraging its economic strengths and strategic location. As the largest economy in Central Asia, the country accounts for around 60% of foreign direct investment into the region. “In Central Asia and Eurasia, Kazakhstan stands at the centre of investment attractiveness,” says Kazakh Invest Chairman Sultangali Kinzhakulov. “Investors now seek more stable markets, those offering higher revenues but also higher risks.” Kazakh Invest plays a central role in growing inflows, acting as a one-stop agency for investment projects, managed through its National Digital Investment Platform, which offers real-time tracking. The agency is also prioritising the development of Kazakhstan’s 16 special economic zones, including pilot projects at key locations. This investment drive is supported by institutions such as Paryz, whose members represent around 60% of the economy.…

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