mimile
Back to feed

Tokayev sets $450bn GDP target by 2029 as Turkistan investment surges 137.5%

AI digest

This digest was compiled by AI from multiple sources — links to the originals are below.

Tokayev sets $450bn GDP target by 2029 as Turkistan investment surges 137.5%

President Kassym-Jomart Tokayev has ordered Kazakhstan's GDP to reach $450 billion by 2029. Turkistan Region attracted over 1 trillion tenge in investment in seven months, a 137.5% increase. The region's investment portfolio includes 122 projects worth 2.8 trillion tenge.

Key Facts

  • President Tokayev ordered GDP to reach $450 billion by 2029.
  • Turkistan Region attracted over 1 trillion tenge in investment in seven months, a 137.5% increase.
  • The region's investment portfolio includes 122 projects worth 2.8 trillion tenge, expected to create over 17,000 jobs.
  • Direct foreign investment in Turkistan Region reached $115 million in the first quarter.
  • The National Digital Investment Platform lists 219 projects worth 3.2 trillion tenge for 2015–2033, targeting about 30,000 jobs.

GDP Target

President Kassym-Jomart Tokayev instructed the government to raise Kazakhstan's GDP to $450 billion by 2029. The directive was announced as part of the country's economic diversification agenda. Tokayev emphasized that diversification is a complex and responsible task, not a slogan.

Turkistan Investment Surge

Turkistan Region attracted over 1 trillion tenge in investment in the first seven months of the year, a 137.5% increase. The region planned to attract 1.8 trillion tenge for the full year. Direct foreign investment in the region reached $115 million in the first quarter. The region's investment portfolio includes 122 projects worth 2.8 trillion tenge, expected to create over 17,000 jobs.

Project Pipeline

This year, 67 projects worth 370 billion tenge are planned, creating about 6,000 jobs. The National Digital Investment Platform lists 219 projects worth 3.2 trillion tenge for 2015–2033, targeting about 30,000 jobs. From 2015 to 2026, 92 projects worth 507 billion tenge were launched, creating 9,070 jobs. Between 2026 and 2033, 84 projects worth 2.7 trillion tenge are planned, expected to create 19,488 jobs.

1 source

Tokayev sets $450bn GDP target by 2029 as Turkistan investment surges 137.5%

egemen.kz

Egemen.kz