Capital receives proposal for 100 billion tenge investment projects from private investors
Astana, the capital city of Kazakhstan, is experiencing a surge in private investments, according to a recent report by Vechernyaya Astana. Akim of Astana, Jenis Kasymbek, highlighted ten new investment projects worth over 198 billion tenge currently being implemented in 2025.
These projects, part of a broader national digital investment platform, aim to stimulate economic growth and job creation in the city. Though the specific project names and sectors were not provided, the scale of the investments suggests a significant impact on Astana’s economy and employment.
In addition to these local projects, Kazakhstan is undertaking 17 industrial projects nationwide with total investments of 14.3 trillion tenge (approx. US$26.7 billion), expected to create over 24,600 jobs, enhance exports, and reduce imports. This nationwide industrialization effort is likely to benefit Astana as the capital hub.
Moreover, Kazakhstan is in negotiations with the international ValueLBH Fund for investments up to $1.5 billion, targeting strategic sectors including infrastructure, renewable energy, and high-tech manufacturing. These projects could further catalyse Astana’s economic diversification and employment opportunities.
The investment staff meeting, held between Akim of Astana, Jenis Kasymbek, and investors, reviewed several proposals for projects, including the construction of a multifunctional logistics distribution complex, a network of retail stores, a metallurgical laboratory complex, a production complex for manufacturing street lights, and a geochemical laboratory. The total investment volume of the presented projects will be around 100 billion tenge.
The creation of permanent jobs is a result of these private investments in Astana’s economy, with the projects under discussion estimated to create approximately 3,000 new jobs. The attraction of this investment was reported by Vechernyaya Astana.
It's important to note that the meeting was not specified as the first or a particular meeting in the series of regional investment staff meetings. The Akim of the capital instructed relevant departments to closely cooperate with investors and provide comprehensive support.
The source of the information is Vechernyaya Astana's report. The amount of investment attracted in 2024 is not specified in the context of overall investment in Astana's economy, but it was reported that approximately 2 trillion tenge was attracted into Astana's economy in 2024, which is more than in 2023.
The attraction of private investments is a strategy for the development of Astana's economy, promoting stable economic growth. However, the projects under discussion are not specified as part of the strategy for the development of Astana's economy or as part of the strategy for the creation of permanent jobs in Astana's economy.
In summary, Astana is experiencing a boom in private investments, with ten new projects worth over 198 billion tenge currently being implemented. These projects, along with nationwide projects and potential investments from the ValueLBH Fund, aim to stimulate economic growth and job creation in Astana. The Akim of Astana, Jenis Kasymbek, is working to foster industrial diversification, infrastructure development, and integration into global supply chains under his development strategy.
The ten new investment projects, worth over 198 billion tenge, aim to boost business growth and employment in Astana's economy, while Kazakhstan's nationwide industrial projects, totalling 14.3 trillion tenge, are anticipated to enhance exports, reduce imports, and create over 24,600 jobs.
The City of Astana, under the leadership of Akim Jenis Kasymbek, is also courting finance from the international ValueLBH Fund for strategic sectors like infrastructure, renewable energy, and high-tech manufacturing, which could further stimulate economic diversification and generate additional employment opportunities.
