Kazakhstan is positioning itself to attract international investment through infrastructure modernization and renewable energy development, according to Renat Bekturov, a manager at the Astana International Financial Center (AIFC). Speaking to Daryo.uz, Bekturov highlighted the need for Kazakhstan to adopt new strategies to stay competitive in the global financial market.
He emphasized that upgrading the country's existing infrastructure and investing in new projects is crucial. Bekturov referenced President Kassym-Jomart Tokayev’s recent address to the nation, where the president underscored the importance of modernizing public utilities. Tokayev noted that resources from the National Fund could be utilized to maintain macroeconomic stability.
Given Kazakhstan’s strategic location and the current geopolitical landscape, Bekturov stressed the need to develop transport and green infrastructure to meet renewable energy production goals. The country is committed to achieving carbon neutrality and aims to boost its renewable energy capacity to fulfill its international obligations.
In addition, Kuandyk Kazhkenov, Vice Minister of Industry and Infrastructure Development, pointed out that Kazakhstan’s infrastructure is aging. Approximately 50% of heat, water, and sanitation networks are worn out, requiring immediate attention. In response, the government is developing a National Project to overhaul 10,000 kilometers of these networks, with a planned investment of KZT 2.5 trillion ($5.2bn).
The initiative also includes modernizing 45 treatment facilities at a cost of KZT 830bn ($1.7bn). Over the next five years, the total investment for these projects will reach KZT 3.5 trillion ($7.3bn), with the goal of reducing network wear and tear to 40% by 2030.
This ambitious infrastructure overhaul, combined with the country's focus on renewable energy, positions Kazakhstan as a key player in attracting global investment, especially in green and sustainable projects.
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