
Will Kazakhstan sustain rising foreign investment momentum into 2026?
Kazakhstan’s investment inflows are accelerating. In the first 9 months of 2025, gross FDI reached $14.9B (+10.9% YoY), while net FDI hit $1.2B, more than 2.4× last year. Capital is coming from a diversified group of partners—led by the Netherlands, China, Russia, the UAE, and Qatar—with Qatar’s FDI surging from ~$9M in 2023 to $1.2B in 9M 2025, signaling a notable shift in investor geography.
Conditions
Resolves “Yes” if by year-end 2026 Kazakhstan reports annual gross FDI ≥ $18B or net FDI ≥ $2B, and at least one new investor country contributes ≥ $1B in annual inflows, as confirmed by official National Bank/Kazakh Invest data or major international media. Otherwise — No.
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