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Is now the time to invest in Kazakhstan?


Executive Summary

Now is the Time to Invest in Kazakhstan

Leading global investors and businesses view Kazakhstan as increasingly investable – as it spreads its wings economically at the same time as entering a new phase of its political development. While opportunities continue to abound in the country’s renowned oil, gas and minerals sectors, there is also a growing service economy, along with innovative science and technology-based start-ups and an expanding role as a regional centre for aviation, education and financial services. While facing similar headwinds to many countries globally – chiefly inflation – the economy is tipped for strong growth and has a young, well-educated population. Since independence 31 years ago, international investors have injected more than $380 billion into the economy – 70 per cent of the total investment flow into the Central Asian region in that time. Constitutional changes are set to entrench the stability that has marked the history of independent Kazakhstan, and a diversifying economy underpinned by a robust legal system is opening new doors for investors and companies who are targeting the country.


More than $380 billion invested in Kazakhstan over the past 31 years – 70% of the total international investment flow into the Central Asian region, $7.58 billion foreign direct investment in Kazakhstan in the second quarter of 2022,  $20.51 billion EU imports from Kazakhstan in 2021, according to the United Nations COMTRADE database.

More than 1,400 companies from 64 countries registered at the AIFC, $179 billion* (83,951,587.90 KZT Million) Gross National Product in Kazakhstan in 2021

* based on the exchange rate of USD1/ KZT468 as at 26 October 2022

An opportunity of scale

The scale of Kazakhstan may surprise those investors beginning to take an interest in the opportunities afforded by the Eurasian land mass. At 2.7 million square kilometres, it sits 9th in the world rankings, making it slightly less than four times the size of Texas (1). The country has a small but highly-educated and motivated population of 19.4 million.

Kazakhstan borders China, Russia, Kyrgyzstan, Turkmenistan and Uzbekistan, sitting at the crossroads of Eurasia, a fact reflected in the range of ethnic groups and languages contained within its borders. Meanwhile, the country’s economy stands at a rather different sort of crossroads. Since gaining independence from the Soviet Union 31 years ago, Kazakhstan has become best-known economically for its huge reserves of minerals and hydrocarbons, including uranium, copper, zinc, oil and gas – and these remain critical to the Kazakh economy. And with a large agricultural sector this abundance of natural resources – and their current high prices – underpin the economy.

However, Kazakhstan is not complacent, and government-backed initiatives are under way to diversify the economy into sectors such as transport, pharmaceuticals, telecommunications, petrochemicals and even higher education, as part of what has been called “an economy based on brainpower” by Shigeo Katsu, President of Nazarbayev University.

You can download the full report by the link below:

Kazakhstan machinery fair

Концепция KMF (download)

Flyer of the Fair (download)

XII International Agricultural Exhibitions “KazAgro/KazFarm-2022”

Dear Sirs,
LLP “International Exhibition Company “ExpoGroup” invites you to take part in the largest XII International Agricultural Exhibitions “KazAgro/KazFarm-2022”!

KazAgro (KazAgro) is the largest crop production exhibition in Kazakhstan, everything from seed selection to finished products and modern technologies, equipment, tools, services for the production, storage, processing and logistics of agricultural products.

KazFarm (KazFarm) is the only livestock and meat and dairy industry exhibition in Kazakhstan with a full coverage theme – from embryos to finished products and services in various livestock sectors.


Event period: from 12 to 14 October 2022.

Venue: Nur-Sultan, st. Mangilik el, 53/1 (exhibition site of the capital “QazExpoCongress” in the EXPO area).

Sections of the exhibitions “KazAgro/KazFarm-2022”:

• All for Animal Husbandry:
• All for Crop production;
• Agrarian science and innovations of Kazakhstan;
• Construction of industrial buildings for agriculture.
• Agricultural machinery, service and equipment;
• IT-technologies for the agro-industrial complex.

The business program of the exhibitions is always rich: from presentations and animal auctions to business missions and signing memorandums between domestic and foreign companies.

KazAgro/KazFarm-2022 is the only exhibition with a demonstration of farm animals in the capital of Kazakhstan (city of Nur-Sultan).

The organization of exhibitions will meet all the requirements of sanitary and epidemiological standards.

The scale and influence of the exhibition is increasing every year, now they have become the largest and most influential events in the field of agriculture in Kazakhstan.

KazAgro/KazFarm-2022 presents a unique opportunity for mutually beneficial long-term cooperation.

If you have any questions about participation in exhibitions, we will definitely answer and advise ydu! The contact person: project manager Rimma Taskuzhina, mobile phone +7 701 520 34 45,

With best regards,

LLP “International Exhibition Company “ExpoGroup”

Kazakhstan – Italy: Expansion of Investment Partnership


In Rome, with the participation of the Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tileuberdi held a roundtable with the participation of grands of the Italian economy.


Within the framework of the event organized by the Ministry of Foreign Affairs of the Republic of Kazakhstan, the Embassy of the Republic of Kazakhstan in the Italian Republic and KAZAKH INVEST with the support of the Italian Trade Agency, issues of expanding investment cooperation in such sectors as agribusiness, mechanical engineering, petrochemistry, renewable energy, light industry, transport, logistics and other.


Opening the event, Deputy Minister of Foreign Affairs and International Cooperation of the Italian Republic Manlio Di Stefano highly appreciated the dynamics of economic cooperation between Italy and Kazakhstan, noting the significant potential for expanding investment partnership in the manufacturing industry.

In his welcoming speech, Mukhtar Tileuberdi emphasized that Italy had become the third largest trading partner of Kazakhstan, accounting for almost 9% of total trade. Today, more than 280 enterprises with Italian capital are successfully operating in the country, having invested in the economy of Kazakhstan more than $9 billion.

“Kazakhstan is in the TOP-5 countries of the world with the potential for the development of agriculture, and in this regard, our country can offer the necessary resource base, access to markets and wide measures of state support in the creation and launch of mutually beneficial projects in the field of agricultural production,” – emphasized Mukhtar Tileuberdi.


In addition, renewable energy is another promising niche for Italian investment. The quality of wind, sun and large areas can make Kazakhstan a leader in this sector. Kazakhstan can also play an important role in the production of «green» hydrogen.


Within the framework of the round table, Deputy Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Yerlan Zeyneshev made a presentation of investment opportunities of Kazakhstan and measures of state support for investors. Zhandos Temirgali, Deputy Chairman of the Management Board of “NC “KAZAKH INVEST” JSC noted that at present more and more international companies choose Kazakhstan as a site for localization of their industrial enterprises.


From the Italian side, the roundtable was attended by the Director of International Relations of Confindustria Rafael Langella, the Director of Public Relations of SACE Cristiana Portale and the President of the Italian-Kazakhstan Chamber of Commerce Paolo Ghirelli.



In addition, during the event there were speeches of heads of such Italian companies as “Bonatti” (oil and gas industry), “Cimolai” (metal construction), “Eni” (oil and gas industry and renewable energy), “Neos” (air transportation), “Petrol Valves Group” (valves production), “Renco” (construction), as well as “Savi Italo” and “Tre-Bio” (agribusiness).



The roundtable concluded with a session of bilateral meetings between Mukhtar Tileuberdi and representatives of Italian companies. On the implementation of new projects, meetings were held with the heads of the companies “Same Deutz-Fahr” (production of agricultural machinery) Aldo Karozza, “Ansaldo Energie S.p.A” (energy) Stefano Santinelli, “Coldiretti” (confederation of agro producers) Luigi Pio Scorilla “Maire Tecnimont” (petrochemistry, agrochemistry) Alessandro Bernini.




Italy is one of the largest investors in Kazakhstan’s economy. According to the National Bank of Kazakhstan in 2021, the volume of foreign direct investment from Italy amounted to $122.8 million. The volume of mutual trade between our countries for 2021 amounted to $9.6 billion (exports – $8.8 billion and imports – $0.8 billion).

Since June 2022, a direct flight service on the route Almaty – Milan (with a frequency of 2 times a week) will contribute to the further development of trade and economic relations between two countries.

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President of the Italien-Kazakhstan Chamber of Commerce Mr. Paolo Ghirelli

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General Secretary of the Italien- Kazakhstan Chamber of Commerce Mrs.Goulsim Joumagoulova