Investment in Kazakhstan rises 17% over eight months

According to analysts at Ranking.kz, fixed capital investment in Kazakhstan increased by 17% in January-August 2026. Adjusted for price changes, real growth was 8.1%.

More than 40% of investment went to industry. The largest shares went to manufacturing, at 1.9 trillion tenge (14.1%), and mining, at 1.87 trillion tenge (13.9%). Electricity, gas, steam and hot water supply received 1.3 trillion tenge (9.7%), while water supply, waste management and pollution remediation received 388.2 billion tenge (2.9%).

The analysts said this is not a short-term spike, noting high investment activity over recent years, excluding 2020. Growth in 2025 was the record for the period considered, with revised annual data showing 16.7%. Between 2019 and 2026, 1,226 industrial projects worth 8.7 trillion tenge were implemented, creating 106.8 thousand permanent jobs. A further 200 industrial projects worth about 1.7 trillion tenge are planned for 2026.