U.S. Chamber Roundtable Strengthens U.S.–Kazakhstan Business and Investment Ties
16 Oct 2025, 16:37
AmCham News
U.S. Chamber Roundtable Strengthens U.S.–Kazakhstan Business and Investment Ties
Following a meeting with AmCham Kazakhstan last week on the Track & Trace initiative, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin visited the U.S. Chamber of Commerce in Washington, D.C., where he presented Kazakhstan’s new proactive economic growth policy to American investors. The roundtable, organized by the U.S.–Kazakhstan Business Council (USKZBC), brought together senior executives from major U.S. corporations, including Chevron, Bechtel, ExxonMobil, Citi, Mastercard, Boeing, and LanzaJet, among others.
Representing the American side, Kush Choksy, Senior Vice President for the Middle East, Turkey, and Central Asia at the U.S. Chamber of Commerce, joined the discussion alongside business leaders who have played a pivotal role in advancing U.S.–Kazakhstan economic relations.
Minister Zhumangarin noted that over 600 U.S.-affiliated enterprises operate successfully in Kazakhstan, including Chevron, ExxonMobil, General Electric, Pfizer, Honeywell, Coca-Cola, PepsiCo, and John Deere, reflecting the strong and enduring confidence of American businesses across multiple sectors such as energy, finance, logistics, and manufacturing.
“Kazakhstan is an attractive country for American business. The country’s GDP this year will exceed $330 billion, accounting for about 60% of Central Asia’s economy. By the end of 2024, GDP per capita exceeded $14,000, and in purchasing power parity terms — over $44,000. The medium-term goal is to reach $450 billion by 2029”.
Kazakhstan maintains one of the world’s lowest public debt levels at 22.2% of GDP, while attracting over $400 billion in foreign investment over the past two decades. The economy has grown above 5% annually for three consecutive years, supported by diversification into manufacturing, finance, construction, and transport, and reaffirmed by upgraded investment-grade ratings from S&P and Moody’s.
Minister Zhumangarin highlighted that the government’s new proactive economic growth policy aims to maintain stable economic growth of 5–6% annually, underpinned by financing large-scale, export-oriented projects in processing industries, manufacturing, and agriculture. These initiatives carry an estimated $100 billion investment potential, with a focus on creating high added value within Kazakhstan.
Future opportunities include projects in railway and automotive manufacturing, fertilizer production, solid waste recycling, and rare earth mineral development, as well as $100 billion in energy and utility infrastructure investments planned for the next five years.
“To implement these large-scale projects, we invite leading international companies with sectoral expertise. Their participation will contribute not only to increased production efficiency but also to human capital development, integration into global value chains, and strengthening Kazakhstan’s reputation as a reliable partner,” Serik Zhumangarin said, inviting U.S. companies to engage in mutually beneficial cooperation.
This meeting at the U.S. Chamber reaffirms Kazakhstan’s commitment to strong economic ties with the United States. Through the Prime Minister’s Council to Improve the Investment Climate, where AmCham Kazakhstan leads the business agenda, the Chamber continues to foster open dialogue and practical cooperation between government and investors. The government’s recent alignment with AmCham on adopting a phased and delayed approach to Track & Trace implementation demonstrates its readiness to listen to the private sector and apply balanced, business-driven solutions, further strengthening Kazakhstan’s position as an attractive destination for foreign investment.
