Kazakhstan aims to actively develop the ecosystem of venture capital or business angel investment.
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Most investments were attracted to the mining and manufacturing industries, the transport sector, warehousing, and agriculture.
The document was signed by Kazakh Prime Minister Alikhan Smailov and European Commission President Ursula von der Leyen last year at the UN Climate Change Conference (COP27).
According to the Bureau of National Statistics, the industrial sector received the majority of these funds.
The implementation of the comprehensive plan is expected to bring the domestic engineering industry to a fundamentally new level of development.
This is the record figure for the last decade, according to the country’s Foreign Ministry.
It is worth mentioning that the annual Boao Forum for Asia is currently being hosted by China from March 28 to March 31.
The construction of a wind power plant in the Zhetisu region with a capacity of one gigawatt is slated for 2025.
The project will attract foreign investment and new technologies in Kazakhstan, as well as create over a thousand permanent jobs.
More than half of the funds required, namely US$386 billion, are existing investments in the country’s economy.