Kazakhstan concluded over 100 investment agreements worth 3 trillion tenge in 2024, 1st Deputy Prime Minister of Kazakhstan Roman Sklyar told the Investment Forum in Astana, according to Kazinform News Agency.

He said Kazakhstan ranks among the world's top 50 recipients of foreign direct investments and leads in Central Asia since over 60% of attracted investments in the region fall on Kazakhstan.

He reminded the Kazakh Government faces an ambitious task to double the national economy up to 450 billion US dollars by 2029.

In this context, the attraction of investments serves as a key factor in the country’s economic paradigm. That’s why Kazakhstan focuses on creating optimal conditions for investment attractiveness relying on a strong legal base. We have adopted the investment policy concept oriented at modern global trends that will let Kazakhstan attract no less than 150 billion US dollars in foreign investments by 2029, the Vice Prime Minister said.

He noted 115 investment projects worth 50 billion USD dollars were debated by the investments headquarters.

Sklyar also stressed Kazakhstan strengthens its legislative base and improves investment agreements to offer beneficial conditions for investors.

Last year Kazakhstan concluded seven investment agreements worth 2.5 billion US dollars. 107 investment agreements worth 3 trillion tenge have been signed as of now. Since the beginning of the year six investment agreements up to more than 2 billion US dollars were approved, he resumed.