INVESTMENT PROJECTS OF THE REPUBLIC OF KAZAKHSTAN DURING THE YEARS OF INDEPENDENCE

Abstract

In the research article, the economic development of the Republic of Kazakhstan during the period of independence is examined in close connection with the volume of attracted investments and the implementation of strategic projects. The state established the legal, institutional, and infrastructural foundations for the transition to a market economy, creating favorable conditions for attracting both foreign and domestic capital. Investment projects implemented during this period made a significant contribution to the modernization of the structure of the national economy, the efficient utilization of natural resources, the strengthening of industrial potential, and the introduction of new technologies. During the years of independence, the volume of foreign direct investment in Kazakhstan increased substantially, and large-scale strategic projects were launched in the oil and gas and energy sectors, transport and logistics infrastructure, metallurgy, agriculture, and digital technologies. Overall, investment projects implemented during the independence period contributed to transforming Kazakhstan into one of the region’s economic centers and laid a solid foundation for the prospects of long-term sustainable development.