U.S. business investigates Kazakhstan’s investment opportunities

As Deputy Prime Minister – Minister of National Economy Serik Zhumangarin said at the Kazakhstan–United States Roundtable in Astana, Kazakhstan sees strong potential for expanding investment cooperation with American companies in raw material processing, import substitution, infrastructure and export-oriented industrial projects.
According to Zhumangarin, strengthening engagement with the United States remains one of the main external economic priorities of the Government of Kazakhstan.
The Minister assured that the country is implementing measures to improve the business climate, protect investors’ rights and attract high-quality investment.
He also added that the conditions in Kazakhstan are attractive, the returns are sound, and the financial resources are available.
Zhumangarin emphasized that Kazakhstan offers major opportunities in deep processing of raw materials, import substitution and infrastructure. They estimate the potential pipeline in raw material processing at about $95 billion. Meanwhile, import substitution projects exceed $20 billion.
Concerning infrastructure, more than 200 projects worth about $80 billion are included in the National Investment Plan. Meanwhile, the Energy and Utilities Modernization Program adds another $25 billion for power generation and networks.

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