Foreign investors are ready to promote the digitalization of Kazakhstan's economy.

Foreign investors operating in Kazakhstan intend to develop digitalization processes in the country. This issue will be discussed at the upcoming 35th meeting of the Council of Foreign Investors under the President of Kazakhstan in 2023.

The prospects for the development of modern technologies from the investors' perspective were discussed at the panel session "Investors' Choice: How Digitalization Can Enhance Kazakhstan's Investment Appeal" within the framework of the V International Digital Forum Digital Almaty.

The session moderator, Managing Partner of KPMG Caucasus and Central Asia Saken Zhumashev, opening the discussion, recalled that over the years of independence, $370 billion had been invested in the Kazakh economy. However, most of this amount was invested in extractive sectors. However, the development vector is now changing.

Deputy Minister of Digital Development, Innovations and Aerospace Industry Asat Turyssov emphasized that in the modern world, it is impossible to imagine any industry without digitalization. And technological processes, in turn, are already making adjustments to the plans of governments of all countries.

The trend towards digitalization by the government of Kazakhstan has been taken for a long time. And now the Ministry of Digital Development, Innovations and Aerospace Industry, as the authorized body, is working on improving legislation in this area.

Director of the Association "Kazakhstan Council of Foreign Investors" Zhanna Baydasheva confirmed that investors, when deciding to invest in a particular country, always look at several factors: rule of law, tax legislation, flexibility of the tax system, human potential, and technological factor.

Chief Executive Officer of Beeline Kazakhstan Evgeny Nastarin, for his part, drew attention to the fact that industry regulation is critically important for investors, allowing them "to understand and be confident that all the best global practices will be implemented in their industry."