In 2025, the volume of fixed capital investment in Kazakhstan reached 22.7 trillion tenge (approximately $45.5 billion at the average weighted exchange rate), representing a real increase of 13% compared to the previous year, according to Zakon.kz.
The investment structure confirms the country's focus on diversification: while the mining sector experienced a 15% decline in investment, the agricultural sector, finance, and energy demonstrated explosive growth of over 50%.
The country's investment landscape has changed: Akmola (+53.1%) and Pavlodar (+47%) regions led the way, while Atyrau region experienced a 15.1% decline (down to $5.6 billion). Private capital remains the primary source of funding (61.5% or $28 billion), with small businesses investing 13.2 trillion tenge ($26.4 billion), significantly outpacing large enterprises.
Despite the quantitative growth, experts point to a technological imbalance: $30 billion (66%) of funds went toward the construction of buildings and structures, and only about $13.4 billion (29%) went toward upgrading equipment and machinery. Economists believe that a qualitative leap in productivity requires increasing the share of investment in technology and active fixed assets.
CentralasianLIGHT.org
January 23, 2026