Toqayev: Investors in Kazakhstan Will Be Protected from Official Interference

At the 37th plenary session of the Foreign Investors Council on June 24, President Qasym-Jomart Toqayev announced new measures to strengthen investor protections and improve Kazakhstan’s investment climate, Orda.kz reports.

Opening the meeting, Toqayev emphasized the Council's importance as a key platform for dialogue with international partners. He also addressed broader economic concerns, noting that global GDP growth is expected to slow to 2.9% in the coming years.

We are seeing increased inflationary pressure, ongoing disruptions in global supply chains, and growing uncertainty in the business environment. Such trends risk further weakening the global economic outlook, which demonstrates the need for constructive international dialogue. Against the backdrop of these challenges, the economies of developing countries such as Kazakhstan have managed to maintain resilience to external shocks. In the first five months of 2025, Kazakhstan's economy grew by 6%. The largest contribution to growth was made by transport and logistics, construction, trade, mining, and manufacturing,the president said. 

He emphasized that Kazakhstan offers favorable conditions for investment, thanks to its strategic location, people, and ongoing commitment to reform. The president also highlighted the work of the investment headquarters.

Toqayev also noted that Kazakhstan has introduced a 'prosecutor’s filter' — a mechanism that prevents any government body from inspecting or interfering with investors’ operations without prior approval from the Prosecutor General’s Office.

We have also launched the National Digital Investment Platform, which consolidates government services for investors into a single-window format — from consultations to obtaining permits. In addition, a new Tax Code has been submitted to the Senate for review. It is aimed at stimulating business activity and encouraging private investment in the economy. The document includes targeted incentives for investors engaged in local production, as well as support for exporters of high value-added products,the president said. 

Toqayev placed particular emphasis on the mining industry, calling it the backbone of Kazakhstan’s manufacturing sector.

Ongoing reforms have already attracted major international players such as Rio Tinto, Fortescue, Ivanhoe, First Quantum, and Teck Resources to conduct geological exploration in Kazakhstan. The new Tax Code will introduce a royalty regime aimed at encouraging the deep processing of raw materials within the country. With a rich mineral resource base, modern subsoil legislation, and a transparent tax system, we believe Kazakhstan is well-positioned to take on a strategic role in the global supply chain for critical minerals,the president stated. 

He added that the country is also taking active steps toward modern production and value-added processing.

In railway engineering, Kazakhstan is successfully partnering with Wabtec, Alstom, and Stadler. In particular, Alstom is building service centers locally and plans to produce new-generation locomotives starting in 2028. Wabtec is investing $200 million in rolling stock that runs on alternative fuels. Stadler Rail has built a plant capable of producing 100 railcars annually.

Toqayev also highlighted companies like PepsiCo, Fufeng Group, and Dalian Hesheng as examples of successful foreign investors utilizing local products and technologies.

Original Author: Artyom Volkov