Implementation of the 2025 Address: How Kazakhstan’s Investment Model Is Changing

As part of the implementation of the Address by Head of State Kassym-Jomart Tokayev to the people of Kazakhstan, “Kazakhstan in the Age of Artificial Intelligence: Current Challenges and Solutions through Digital Transformation,” the country is undertaking a comprehensive overhaul of its investment policy. In December 2025, the Investment Policy Concept through 2030 was adopted, and Baiterek Holding was transformed into a national investment holding company. The new model is focused on attracting private and foreign capital and developing domestic production, infrastructure, technology, and non-resource exports. By 2029, an additional USD 150 billion in investment is planned to be attracted through the Holding’s instruments. The approach to attracting capital is also being improved: the state is shifting toward proactive investor outreach and targeting. For example, the regions identify priority sectoral niches and prepare investment proposals that have undergone preliminary development. The investor support system is being restructured and now operates at the external, central, and regional levels. A Fast Track mechanism is used to expedite project implementation, while the pow...