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As part of this project, the report “Review of the Organization for Economic Cooperation and Development (OECD) on Investment Policy: Kazakhstan – 2012” was analyzed, international experience was studied, and the provisions of the applicable laws of the Republic of Kazakhstan on the investment climate in Kazakhstan were analyzed.

In particular, proposals and recommendations were developed to amend the legislation of the Republic of Kazakhstan in order to improve the investment climate in the following areas:

• increasing access of foreign investors to international arbitration
• increasing participation of foreign investors in infrastructure projects through the public-private partnership mechanism
• introduction of corporate governance (increasing competitiveness, efficiency, and transparency, bringing it according to the market management principles) in state-owned enterprises and enterprises with state participation
• increasing the attractiveness of the investment climate by ensuring transparency of investment incentives and providing guarantees against changes in legislation for investment projects in priority sectors
• bringing the intellectual property protection system in Kazakhstan according to the international standards
• improving tax and customs mode for investments

Project team:

Miran Maulenov, Akbota Nauryzova, Nurzhan Turchikenov