Kazakhstan

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Kazakhstan is located deep in the Eurasian continent and borders the People's Republic of China, the Kyrgyz Republic, the Russian Federation, Turkmenistan, and Uzbekistan. The country has about 160 deposits of oil and gas with reserves approximately equal to present day resources of the whole Western Europe. It is also rich in commercial minerals such as chromium, iron, zinc, copper, and, tungsten.

— Official site of the President of the Republic of Kazakhstan

Kazakhstan in CAREC

Kazakhstan joined CAREC in 1997
Since 2001, $6.96 billion has been invested in transport, trade, and energy
Kazakhstan currently has 15 ongoing CAREC projects
Since 2001, four CAREC projects have been completed

CAREC Contacts

CAREC-related Projects

CAREC Corridor 1 (Taraz Bypass) Project
	Sector: Transport	Date approved / Status: 7 December 2011 (Ongoing)
	Expected outcome: The project will contribute to regional cooperation and trade in Kazakhstan by helping the economy better integrate into the global economy. The outcome will ensure better connectivity for the Zhambyl Oblast section of CAREC Transport Corridor 1. The 65 km Taraz bypass section is integral to the transport corridor, connecting the oil-rich western part of the country to its southeast and beyond.
	Funding amount: $95 million (Asian Development Bank) $28 million (Government of Kazakhstan)

KEGOC: North-South Power Transmission
	Sector: Energy	Date approved / Status: 25 November 2003 (Completed)
	Expected outcome: The project will promote competition and trade both on national and regional levels by facilitating a low cost producer in North Kazakhstan to supply South Kazakhstan and the Central Asia integrated system, and to meet winter electricity supply shortages in Uzbekistan. The project will contribute to regional economic integration.
	Funding amount: $60.0 million (European Bank for Reconstruction and Development) $21.2 million (Development Bank of Kazakhstan)

Shardara HPP Modernization Project
	Sector: Energy	Date approved / Status: 27 March 2012 (Ongoing)
	Expected outcome: The project will support sustainable energy and redress energy imbalances in Kazakhstan. It will also reduce utilization of thermal power plants.
	Funding amount: €50 million (European Bank for Reconstruction and Development)

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Feature

Kazakhstan facilitates visa regime for tourists, entrepreneurs. New rules for issuing visas primarily aim to create favorable conditions for foreign tourists and entrepreneurs. Read more.
Direct rail link opens between Kazakhstan and Turkmenistan. This railway section is part of the transnational rail corridor, which will connect Kazakhstan, Turkmenistan and Iran. Read more.

Previous features

Economic Outlook

Highlights from the Asian Development Outlook 2013:

Growth slowed to 5.0% from 7.5% in 2011, as industry largely stagnated and severe drought cut agricultural output by nearly 18%. Inflation also slowed. Rapid import growth, linked partly to public investment programs, narrowed the current account surplus to 4.3% of GDP from 7.2% in 2011, but assets in the country's sovereign wealth fund again increased. Growth is expected to recover slowly, to 5.2% in 2013 and 5.6% in 2014, as continued government investment spending boosts domestic demand. Read more.