Foreign experts analyze President Tokayev’s state-of-the-nation address

Kazakh President Kassym-Jomart Tokayev’s state-of-the-nation address is currently a topic of discussion worldwide. Foreign experts overviewed and analyzed this strategic document, which sets a new vector for the country’s development.

Particularly, the leading European media outlet Modern Diplomacy published an article by Luke Rodehefer, one of the famous financial analysts, who says that the new economic model of Kazakhstan is aimed at creating a transparent and attractive business environment for foreign investors. “The President’s focus on stable economic growth of 6-7 percent with the aim to double the volume of the national economy to $450 billion by 2029 is ambitious but signals a strong commitment to macroeconomic stability, another key indicator scrutinized by foreign investors,” the expert wrote.

The Italian newspaper Il Giornale published an article related to the President’s state-of-the-nation address, providing an analysis of the new initiatives and summarizing some of the outcomes of ongoing reforms. According to the paper, the country is making rapid progress in digitalization on its way to become a leader in IT and financial areas. In his address, the Head of State said that Kazakhstan is ready to establish partnerships with transnational corporations in these industries. The country is also attracting investment to expand renewable energy sources and develop its transport infrastructure. Together, these sectors will enable Astana to finally assert itself as the economic engine of Central Asia.

Another media outlet, Pakistan Today, notes that Kazakhstan is positioning itself as “a dynamic player on the global stage while enhancing the quality of life for its people.” The successful execution of reforms will stand as a testament to the country’s commitment to build a prosperous and equitable future. According to the author, President Tokayev’s call for accelerated development in sectors such as heavy engineering and the localization of the automotive industry indicates concrete steps taken toward systematically diversifying the country’s economy.