Republic of Kazakhstan
Kazakhstan is the largest economy in Central Asia, endowed with vast natural resources, a strong industrial base, and a key geopolitical location. In 2024, real GDP growth ranged between 4.8% and 6.2%, with the first half of 2025 showing the highest economic growth in 14 years at 6.2%. A growth rate of around 5% is projected for the full year 2025.
Economic overview
Kazakhstan’s economy is anchored in oil, gas, and mineral extraction, particularly uranium, where it is a global leader. Simultaneously, the government is actively pursuing diversification through development in transport, logistics, construction, and the digital economy. The Nurly Zhol program is driving major infrastructure upgrades including roads, railways, ports, and utilities.
Key economic indicators
Real GDP growth: approximately 4.8–6.2% in 2024; 6.2% in the first half of 2025
Forecast for 2025: around 5% annual growth
Inflation: moderate at 7–8%, with a downward trend expected in 2026
Business environment
Kazakhstan is advancing structural reforms aimed at improving the business climate. These include simplified procedures, the establishment of the Astana International Financial Centre (AIFC), the development of special economic zones (SEZs), and digitalization of government services. Logistics and mining are strategic pillars of the country’s modernization agenda.
Key sectors for investment
Energy and natural resources: oil, gas, uranium, rare earths
Transport and logistics: development of the Middle Corridor, ports, and rail infrastructure
Infrastructure and construction: state-led modernization of urban and utility systems
Digital economy: IT sector expansion, fintech, and government digital services
Manufacturing and agri-processing: food industry, machinery, and green technologies
Investment advantages
Abundant natural resources and developed infrastructure
Strategic transit role connecting European and Asian markets
Investment incentives through SEZs and liberal regulations via AIFC
Stable macroeconomic indicators and transparent policy direction
Commitment to digital transformation and sustainable technologies
Conclusion
Kazakhstan offers a stable and growth-oriented investment platform across critical sectors such as energy, logistics, infrastructure, and digital technologies. Positioned as a strategic Eurasian hub, the country is modernizing rapidly while improving connectivity and business regulation.
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