Kazakhstan powers up SMEs to win European investors

Reuters
Reuters

Kazakhstan is boosting support for small and medium-sized enterprises (SMEs) to attract European investment and accelerate economic growth.

Kazakhstan is intensifying efforts to develop its SME sector through significant reforms, increased financing, and new trade incentives, aiming to attract more European investors. By 2027, the country plans to provide nearly €18 billion in state-backed guarantees and support for joint ventures, foreign entrepreneurs, and local manufacturers.

Over 11,000 SMEs currently operate under shared ownership models, with the DAMU Fund financing more than 1,600 foreign-led projects. European investors are tapping opportunities in key sectors like agribusiness, logistics, and IT. As Kazakhstan transitions from resource extraction to value-added industries, improved trade offices and legal frameworks offer European companies a more secure entry into this evolving market.

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