Kazakhstan's economy experienced a 6% growth during the initial five months of 2025, as announced by the President.
In the face of global economic challenges, President Kassym-Jomart Tokayev has emphasised the importance of constructive international dialogue to navigate inflationary pressure, disruptions in global supply chains, and rising uncertainty in the business environment. Kazakhstan, with its strategic location, developed human capital, and commitment to reforms, presents broad prospects for both investors and the national economy.
The first five months of 2025 saw Kazakhstan's economy grow by 6%, demonstrating the resilience of developing countries like Kazakhstan in the face of external shocks. This growth can be attributed to significant contributions from sectors such as transportation and logistics, construction, trade, mining, and the processing industry.
President Tokayev has made it clear that he intends to continue implementing comprehensive reforms aimed at improving the investment climate in Kazakhstan. These reforms are designed to enhance transparency and simplify business conditions in the country, particularly in strategic sectors like mining.
One of the key strategies Kazakhstan is implementing is the promotion of Public-Private Partnerships (PPPs). The government is actively fostering PPPs to fund critical infrastructure upgrades and leverage global expertise. This approach mobilizes private sector investment into energy, transport, healthcare, and education infrastructure, advancing modernization and efficiency.
Kazakhstan is also advancing its green agenda by investing in renewable energy capacity and adopting high environmental, social, and governance (ESG) standards, especially in sectors like mining. This enhances competitiveness while maintaining social license to operate. The government aligns climate ambitions with investment plans to clarify goals for investors and supports a just transition ensuring economic inclusivity.
To strengthen economic governance and transparency, Kazakhstan is enhancing cooperation with international partners and developing clear national strategies. This cooperation is essential to fostering a more competitive private sector and improving transparency in investment processes.
Kazakhstan is also working to deepen economic ties and cross-border investments. Initiatives include increased FDI into Kyrgyzstan, boosting regional trade and infrastructure projects like the Transcaspian Transport Corridor upgrades and joint industrial and logistics hubs to facilitate trade and investment flows.
The Investment Staff in Kazakhstan has resolved issues for 137 investment projects worth $70 billion, with the activities designed to resolve investor issues on a "here and now" basis. The Council of Foreign Investors, which has played a key role in shaping Kazakhstan's investment-oriented ecosystem for over two decades, serves as a reliable platform for strategic interaction between the state and its international partners.
President Tokayev did not report specific predictions about the future global GDP growth rate. However, experts and analysts predict a slowdown in global GDP growth to around 2.9% in the coming years. Despite this, Kazakhstan's approach combines regulatory improvements, sustainable development, transparent governance, regional integration, and infrastructure investments to create a more attractive and transparent investment climate, as reflected in President Tokayev’s vision and ongoing government initiatives.
In light of President Tokayev's focus on continuous reforms to improve the investment climate, it is evident that finance and business sectors will play significant roles in Kazakhstan's future development. The Government's strategic initiatives, such as the promotion of Public-Private Partnerships and the enhancement of transparency, are expected to mobilize investments in critical infrastructure, renewable energy, and other key sectors.
