Prime Minister reports foreign capital inflows exceeding $58 Billion
As Prime Minister Olzhas Bektenov said at briefing with President Kassym-Jomart Tokayev on the latest economic figures at an expanded government meeting in Astana on Feb. 10, foreign capital inflows to Kazakhstan surpassed $58 billion in 2025.
Bektenov said that foreign direct investment increased by $1.5 billion, or 10.9%, over nine months and reached $14.9 billion. The rise of fixed capital investment was 13% (22.7 trillion tenge (US$46.1 billion).
Minister added that public investment increased by 800 billion tenge [US$1.6 billion], while the growth of private investment was 2.4 trillion tenge [US$4.9 billion].
This was the result of 212 projects with a combined value of $115 billion in 2025.
The prosecutor general executed the functions of the investment ombudsperson. They strengthened legal protection for investors through enhanced prosecutorial oversight.
Economically speaking, GDP grew steadily by 6.5%. The expansion of transport was 17.8%, of construction – 14.6%, of mining – 17.4%, of manufacturing -12.2%, of trade -26% and of agriculture – 5.9%.
According to Bektenov, current manufacturing growth rates are insufficient to achieve full economic diversification. So, the government is implementing projects involving higher value-added production in metallurgy, mechanical engineering and the agro-industrial sector to accelerate momentum.
The Minister acknowledged a number of issues that required prompt action despite economic growth, such as modernizing the country’s infrastructure and implementing large government-led industrial projects. At the same time, it is also necessary to support small and medium-sized businesses.
For example, concessional loans for small and medium-sized enterprises within 10 days to purchase modern machinery without additional collaterals is one of the key initiatives. Baiterek Holding will operate this special scheme. The increase of the number of active SMEs in Kazakhstan as of the end of 2025 was 5% (more than 2.2 million). The sector employed 4.5 million people, or nearly 46% of total employment and nearly half of the economically active population (3.9% growth).
Total output of SMEs was about 73 trillion tenge (US$148.3 billion) (40.5% of GDP).
Also, the transport sector grew steadily. As Bektenov said, the modernization of 11,000 kilometers of roads and expand airport throughput capacity to handle up to 40 passengers was in the government’s plans.
He said that this year the construction of two railway lines totaling 475 kilometers will be completed and 2,900 kilometers of track will be modernized. Transit freight volumes will increase by 60%, and the average speed of transit container trains will reach 50 kilometers per hour. This will reduce cargo delivery time from the Chinese border to the Caspian Sea from 84 hours to 55 hours by the end of this year.
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