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A new major report from the Kazakh International Chamber of Commerce reveals strong and developing interest from foreign investors and companies.
A full report can be downloaded here.
LONDON, Nov. 1, 2022 /PRNewswire/ — International investors Franklin Templeton, VPE Capital and Vedra Partners are among a growing number of Kazakhstan’s corporations, according to a new lead report.
Economic and political reforms are contributing to sentiment toward Kazakhstan, attracting major investors and companies, with satellite company OneWeb and U. S. tech company Honeywell the newest companies to start operations in the country.
Is it time to invest in Kazakhstan? A report by the International Chamber of Commerce of Kazakhstan reveals that a solid legal formula, which adds the rule of English law not unusual in the foreign financial center of Astana, as well as an advertising and advertising base that diversifies beyond abundant herbal resources, backed by a young and well-educated population, make the country increasingly conducive to investment.
The report quotes leading investors and market specialists:
Marius Dan, Franklin Templeton, said: “An exciting investment opportunity given Kazakhstan’s economic stability, abundant herbal resources, commodity market basics, and President Tokayev’s political and economic reforms.
Roland Nash, VPE Capital, said: “This is a country with great potential driven by foreign industry. Its exclusive geographical position places it incredibly well placed to take full credit for the rise of the Sino-Asian industry and also the immediate expansion of the so-called European. for important products produced through Kazakhstan. “
“Kazakhstan has been at the forefront of substitution in the region, friendly and open to foreign investment and has had exceptional success in attracting high-level investment from Europe, the United States, India and Korea, among others, which has made it stand out among its Central Asian peers. “
Michel Danechi, Vedra Partners, said: “The recently announced macroeconomic fundamentals and reforms have definitely put the country on the right track and created a solid foundation for making an investment in Kazakhstan. We are very positive about the proposed reforms, but we want to see them implemented and maintained for years to come. “
Ayuna Nechaeva, Head of Europe at the London Stock Exchange, said: “The investment climate in Kazakhstan is improving and we expect higher degrees of activity in the number one and secondary market in the medium and long term. “
Chris Weafer, managing director at Macro-Advisory, said: “The reform schedule is capturing the attention of investors, with a track record to attract more positive foreign investment. “
The report highlights Kazakhstan’s geographical location, at the crossroads of Eurasia, as a major asset for the structures industry and to encourage corporations to establish themselves there.
Last year, EU imports from Kazakhstan totaled $20. 51 billion, according to the United Nations’ COMTRADE database. There are also more than 4,000 with European connections operating lately in Kazakhstan.
Since independence 31 years ago, foreign investors have injected more than $380 billion into Kazakhstan’s economy, accounting for 70 percent of the total investment flow into the Central Asian region during that steady period. Foreign direct investment in Kazakhstan in the current quarter of 2022 reached $7. 58 billion, its highest point in a decade.
The report concludes that the world’s leading investors and corporations Kazakhstan will become increasingly investment-friendly as it spreads its wings economically and at the same time enters a new phase of its political development.
A full report can be downloaded here.
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