The first half of 2023 saw a $13.3 billion influx of foreign direct investment (FDI) into Kazakhstan. The Netherlands, the US, Switzerland, Russia, China, South Korea, Belgium, France, UAE, and Luxembourg emerged as the top contributors. Astana is keen for increased investments by India.
As stipulated in the decree, the Investment Promotion Council will have the power to make binding decisions on both central and local government bodies and entities in the quasi-public sector.
Kazakhstan is holding a referendum Sunday to overhaul its constitution after deadly unrest in January ended founding leader Nursultan Nazarbayev's three-decade grip on Central Asia's richest country.
The Interior Ministry of Kazakhstan announced on Friday that 26 protesters had been killed by security forces during the unrest, which erupted on Wednesday.