Kazakhstan forms pool of 215 investment projects worth $78.5 billion

Kazakhstan has formed a pool of 215 investment projects worth a total of $78.5 billion, according to 24KZ, as relayed by Khabar 24.

The funds will go to raw material processing, pharmaceuticals, energy and digital infrastructure. New pharmaceutical projects will, for example, localise production of more than 350 drug names in the country. Another major project is in IT: the first facility of the “Data Processing Centre Valley” is under construction in Ekibastuz, with expected investment of about $30 billion.

Kazakhstan has launched a new investment cycle focused on manufacturing and deep processing of raw materials, and a comprehensive business support ecosystem has been built. Its key tool is investment agreements for projects costing over 32 billion tenge, which guarantee stable conditions. Over five years, 66 such agreements worth 17 trillion tenge have been concluded.