Kazakhstan Has Begun Structural Shift Toward Non-Resource Economy, Expert Says

Kazakhstan is beginning to see a change not only in how much investment enters its economy, but also in where that money goes, according to financial analyst Rassul Rysmambetov.

The country still depends heavily on extractive industries. But growing investment in manufacturing, processing and high-technology production points to a broader shift in the structure of the economy.

The change is taking place as Kazakhstan enters what Rysmambetov describes as a new investment cycle. The emerging pattern suggests that capital is reaching sectors beyond the traditional resource base, although the country’s dependence on those industries has not ended.

The Astana Times presents the trend as evidence that Kazakhstan is moving toward a more diversified, non-resource economy. The article does not indicate that the transition is complete, but it identifies the changing composition of investment as an important sign of economic restructuring.