Kazakhstan is the largest recipient of investment in Central Asia, but the structure of interest is shifting from commodities to trade, technology and finance.
Investment
According to business publications citing the National Bank, gross FDI inflow for 2024 was about USD 17.2 billion (−28.5% versus 2023), with a net outflow recorded for the first time (due to a decline in reinvestment into the fuel and energy sector). At the same time, net inflow grew in trade (+about 1.4 billion) and IT (+about 0.3 billion). EY named Qatar (~11 billion), China and Turkey among the largest investors, and renewables, food products, business services and R&D among the promising ones.
Finance — the AIFC
By early 2025 — more than 5,170 companies from 80+ countries; for 2024, 1,145 new ones (+32%, a record), raising about USD 3.1 billion. A base for holdings, funds and fintech.
Technology — Astana Hub
Around 1,600 IT companies (+500 in 2024), more than 425 with foreign participation; an AI initiative has been launched (Alem.AI).
Where the potential is seen
Trade and distribution, logistics and transit (between China and Europe), agribusiness and food production, renewables, business services, e-commerce. Non-commodity and technology projects receive priority in state support and special regimes.
The statistics are indicative as of the dates stated (National Bank/inbusiness.kz, EY, AIFC and Astana Hub reviews, 2024–2025), not investment advice.
Related materials: Company registration and the AIFC · Taxes 2026 · Relocating a business.
This material is for reference only and does not constitute legal advice. Rules, deadlines and rates change — before acting, verify against primary sources (egov.kz, adilet.zan.kz, vmp.gov.kz) or consult the lawyers of SHANYRAQ Legal.