Kazakhstan is intensifying efforts to attract $150bn in foreign investment by 2029, with China playing a central role in achieving this goal, Prime Minister Olzhas Bektenov said during a government meeting on the implementation of recent Kazakh-Chinese agreements.
Bektenov emphasized that full-scale cooperation with China — one of the world’s leading economies and Kazakhstan’s key investment partner — is essential for meeting this ambitious target.
“Systemic measures are needed to increase investment volumes and launch new joint projects, particularly in the production of non-resource and export-oriented goods,” he stated.
The meeting followed high-level talks between President Kassym-Jomart Tokayev and Chinese President Xi Jinping, which have given new momentum to bilateral economic collaboration. During Xi’s visit to Kazakhstan, the two countries signed 58 commercial agreements worth around $24bn at the Central Asia–China Industrial and Investment Cooperation Forum in Astana.
According to the Ministry of Foreign Affairs, 224 industrial projects are currently underway in Kazakhstan with Chinese participation, totaling $66.4bn and expected to create approximately 50,000 jobs. China ranks among Kazakhstan’s top five investors, with $26.4bn invested in the country between 2005 and 2024.
Bektenov highlighted the need for balanced regional engagement and called on the Abai, East Kazakhstan, and West Kazakhstan regions — where Chinese-backed projects remain limited — to establish new partnerships and submit concrete proposals. He commended regions like Astana, Almaty, Kyzylorda, and Turkistan for securing new deals during the Chinese President’s visit.
The Almaty region alone signed seven agreements worth over $6bn, with projects spanning green energy, logistics, agriculture, and industry. Other regional deals focus on infrastructure and industrial development.
The Prime Minister also urged regional delegations to expand outreach to Chinese provinces to build sustainable partnerships and attract long-term investment.
To ensure effective implementation of these agreements, Bektenov instructed national and local authorities to provide continuous support at every stage and coordinate efforts within a unified national investment strategy.
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