Kazakhstan has significant natural resources, fossil fuels and other minerals and metals. As such, the oil price collapse and the COVID-19 pandemic have negatively impacted its economy. But as oil rebounds and the virus diminishes, economic growth is expected to rebound. Although the extractive sector remains key to Kazakhstan’s development, the country is pursuing a growth diversification strategy, aimed at developing sectors, like transportation and infrastructure. The government’s ambitious privatization program and the country’s integration into China’s Belt and Road Initiative (BRI), a trade route to connect Asia with Africa and Europe, will bolster foreign direct investment and support diversification of the economy.
- Construction & Infrastructure
- Oil & Gas
- Mining & Metals
- Transportation Services