Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, October 6 (Xinhua) — To achieve the goal of doubling Kazakhstan's gross domestic product (GDP) to $450 billion by 2029, investment in the economy must increase more than 2.5-fold, from $41 billion in 2024 to $103 billion in 2029, the Kazinform news agency reported, citing the country's government.
As Arman Kasenov, Vice Minister of National Economy of Kazakhstan, noted at a meeting of the Expert Council under the Ministry of National Economy, during the specified period, the investment-to-GDP ratio should increase from 14 to 23 percent, while the total investment volume for 2025-2029 should amount to approximately $400 billion.
The changes are planned to be implemented as part of Kazakhstan's new proactive economic growth policy. According to A. Kasenov, this signifies a shift from a model in which the state merely supports businesses to a model of active participation in the organization and creation of industries and projects.
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