Tokayev Meets Global Business Leaders to Deepen Investment and Digital Cooperation

Kazakhstan's President Kassym-Jomart Tokayev engaged with heads of major international financial institutions and global companies to foster deeper investment and digital cooperation. These discussions occurred on the sidelines of the 38th plenary session of the Foreign Investors’ Council in Astana.

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The EBRD has invested more than 11 billion euros (US$13 billion) in 354 projects across Kazakhstan, making the country one of the bank’s largest regional partners.

During a meeting with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), Tokayev highlighted the strategic importance of their long-standing partnership. He noted that the EBRD has invested more than 11 billion euros (US$13 billion) in 354 projects across Kazakhstan over three decades, making the country a significant regional partner. A new framework agreement was signed to enhance cooperation in sustainable development, with the EBRD praising Kazakhstan's investment climate and reforms. The bank anticipates its total investment in Kazakhstan to reach 1.3 billion euros (US$1.5 billion) in 2026, a historic high, supporting key sectors like infrastructure, digitalization, and critical raw materials.

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Kazakhstan’s investment climate and ongoing structural reforms.

President Tokayev also met with Kaan Terzioğlu, CEO of VEON, to explore the future of Kazakhstan's telecommunications sector amid its accelerated digital transformation. Tokayev emphasized artificial intelligence as a crucial driver of future economic growth and encouraged VEON's collaboration in expanding computing infrastructure and cloud services. Terzioğlu announced VEON's intention to double its business scale in Kazakhstan and invest an additional $1 billion over the next three years. The company also expressed interest in supporting the 'Digital Kazakhstan' initiative, with Beeline Kazakhstan considering the development of a new data center in Astana.

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Artificial intelligence as a key driver of future economic growth.