Tokayev opened the session by acknowledging the complicated world financial panorama, marked by slowing GDP progress forecasts, inflationary pressures, and disrupted provide chains, reported Akorda.
“Such tendencies could additional worsen the outlook of the worldwide financial system, pointing to the necessity for constructive worldwide dialogue,” he stated.
Regardless of world challenges, Kazakhstan demonstrated resilience. Based on Tokayev, the nation’s financial system grew by 6% in January-Might, pushed by transportation, logistics, development, commerce, and each extractive and manufacturing industries.
Based on Tokayev, Kazakhstan’s strategic location, expert human capital, and agency dedication to reforms supply broad alternatives for each buyers and the nationwide financial system.
He highlighted the function of the Funding Headquarters, created to resolve investor considerations, which has already facilitated 137 funding initiatives value $70 billion and initiated 140 authorized amendments.To guard investor rights, a “prosecutorial filter” was launched – no authorities physique can provoke checks or file authorized claims towards buyers with out approval from the Prosecutor Basic’s Workplace.Kazakhstan is streamlining investor companies by means of the brand new Nationwide Digital Funding Platform – a one-stop resolution integrating consultations and allow processing.
Tokayev additionally introduced the submission of a brand new Tax Code to the Senate aimed toward boosting non-public sector exercise by providing focused incentives for native manufacturing and exporters.
“This doc supplies preferences for buyers creating native manufacturing, in addition to help for exporters of merchandise with vital added worth,” he stated.
The President recognized Kazakhstan’s mining trade as a central pillar of its industrial improvement. He famous the nation’s clear laws and rising worldwide participation in geological exploration, citing partnerships with Rio Tinto, Fortescue, Ivanhoe, and others.
“Kazakhstan has fashioned a secure, investor-friendly jurisdiction with clear and complete laws,” Tokayev stated.
Tokayev reiterated that Kazakhstan is present process a significant transformation in rail and street infrastructure to bolster its function as a regional logistics hub.
“By 2029, we plan to modernize 11,000 kilometers of railroads and construct 5,000 kilometers of latest strains,” Tokayev stated.
He introduced the early launch of the Dostyk–Moiynty part, which is able to improve throughput fivefold. Different key corridors below improvement embody Darbaza–Maktaaral, Bakhty–Ayagoz, Moiynty–Kyzylzhar, and Altynkol–Zhetygen.
Street upgrades are additionally in full swing, with 13,000 kilometers below development or modernization in 2025 alone.
Kazakhstan ranks among the many high 30 globally in digital improvement, in accordance with the UN. Tokayev shared statistics displaying the variety of fintech companies quadrupled since 2018, with greater than 4,000 firms now registered on the Astana Worldwide Monetary Centre (AIFC).
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