Saudi Press

Saudi Arabia and the world
Friday, Sep 05, 2025

Kazakhstan to continue efforts to streamline business processes, PM tells Atameken Congress

Kazakhstan to continue efforts to streamline business processes, PM tells Atameken Congress

The Kazakh government will continue efforts to streamline processes to do business in Kazakhstan, Prime Minister Askar Mamin said Oct. 24 at the Atameken National Chamber of Entrepreneurs Congress opening ceremony.
“The government and Atameken Chamber are working closely for more efficient realisation of the strategic objectives set by Kazakhstan’s First President (Nursultan Nazarbayev) and President Kassym-Jomart Tokayev on providing qualitative growth and improvement of Kazakh people’s prosperity,” said Mamin.

More than 30 percent of the population are actively involved in small and medium-sized businesses, which represent a 28.5 economic share. The policy challenge is to raise the rate to 35 percent through 2025 and to no less than 50 percent by 2050. Systemic and structural effort is already underway, he noted.

“We urge domestic business to participate in all these processes, being eager to create attractive terms both for Kazakh and foreign investors,” he added.

As a result of the completed work, Kazakhstan has recently moved up to 25th place on the World Bank Doing Business Rating. To further improve the country’s business climate, authorities are creating the eighth package of legislative initiatives aimed at opening bank accounts and simplifying companies’ registration procedures, as well as protecting minority shareholders. Efforts will be focused on attracting investments into the manufacturing industry, fuel and energy and agro-industrial complexes, tourism, transport and logistics.

The principle of presumption of an entrepreneur’s good faith will be followed, meaning all uncertainties and issues not regulated by existing laws would favour businesspeople. At the same time, the government will reserve a transition period for norms, imposing additional obligations on businesses and citizens.

Mamin also noted more than 14,000 projects received government grants totalling 2.5 trillion tenge (US$6.5 billion) during the years of the Business Roadmap 2020 state programme. At the same time, the government is paying particular attention to local content development, taking measures to protect internal markets from dangerous and low-quality goods, expanding the Economy of Simple Things office and identifying the top ten goods for import substitution.

As experts noted, business development mostly depends on the regions, which is why the government and chamber have monitored all areas to define regional growth points. The review system currently has approximately 1.8 million respondents and the survey is continuing throughout the country. As a result, measures of government support will be developed at the district and rural region level.

Mamin added the main objective is to increase exports of non-primary goods with higher added value. As a result, 500 billion tenge (US$1.3 billion) is already available for the following three years and seven goods groups have been identified for export diversification.

“The government does its best to create the most favourable conditions for doing business. We keep working on further improvement of the business environment,” the prime minister said.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
×