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The review team conducted meetings with various key players in the energy sector of Kazakhstan, including government agencies, ministries, national companies, foreign investors and international financial institutions.
Kazakhstan works towards developing a modern, diversified economy with a high value added and high-tech component, which would be well integrated into the global economy. The energy sector is viewed as a good starting point for achieving this goal. Over the past several years, the Kazakh government has launched the process of liberalisation, privatisation and customs and tax reforms in order to improve the country's investment climate.
In order to attract more foreign direct investments, Kazakhstan implements policies aimed at ensuring a stable macroeconomic environment and realises other measures which contribute to the improvement of the investment climate in the country. At the same time, the government's top priority is to encourage foreign direct investments into the industrial sector, agriculture, innovation and processing sectors in order to decrease the country's dependence on the energy and extracting sectors, and to ensure the continued growth of Kazakhstan's economy.
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