Kazakhstan announces new measures to attract FDI including from India

economictimes.indiatimes.com:

Kazakhstan and accelerating economic growth. India is one the countries from where Kazakhstan is seeking FDI.

As stipulated in the decree, the Investment Promotion Council will have the power to make binding decisions on both central and local government bodies and entities in the quasi-public sector.

Additionally, the Council is empowered to develop temporary regulatory legal acts with the force of law, supplementing the government’s efforts to create a conducive environment for investment.

Tokayev has consistently demonstrated a proactive approach to attracting foreign investment and strengthening economic ties globally. He often engages in meetings with investors, both domestic and foreign, particularly during official visits abroad.

A recent example of such diplomatic engagement occurred during the Conference of the Parties of the United Nations (UN) Framework Convention on Climate Change (COP28) in Dubai, the United Arab Emirates (UAE).
In UAE, Tokayev met with UAE Minister of Investment, Mohammed Al-Suwaidi.

During their discussion, they explored potential collaboration on joint projects between UAE’s Presight AI Holding and Samruk-Kazyna Sovereign Wealth Fund, as well as strategic agreements involving QazaqGaz and Kazakhstan Temir Zholy focusing on artificial intelligence. Overall, Kazakhstan signed 20 agreements with foreign companies worth $4.85 billion in green energy, infrastructure, and digitization on the sidelines of COP28.