Economic and political reforms are helping transform sentiment towards Kazakhstan – attracting prominent investors as well as businesses, with satellite company OneWeb, Sotheby’s International Realty, and US technology group Honeywell the latest companies to commence operations in the country.
International investors Franklin Templeton, VPE Capital, Vedra Partners, and Sotheby’s International Realty, are among a growing number of firms targeting Kazakhstan, according to a major new report.
Is now the time to invest in Kazakhstan? A report from The Chamber of International Commerce of Kazakhstan finds that a robust legal system – including the rule of English Common Law in the Astana International Financial Centre – as well as an industrial and business base diversifying beyond abundant natural resources, underpinned by a young and well-educated population, are making the country ever more investable.
The report quotes leading investors and global market specialists:
Marius Dan, Franklin Templeton, said: “An exciting investment opportunity considering Kazakhstan’s economic stability, abundant natural resources, strong commodity market fundamentals and the political and economic reforms by President Tokayev.”
Roland Nash, VPE Capital, said: “It is a country with enormous potential driven by international trade. Its unique geographical position makes it extremely well placed to take full advantage of the rise of China/Asian trade but also the rapidly growing European demand for the vital commodities Kazakhstan produces.”
“Kazakhstan has always been at the forefront of change in the region, friendly and open to foreign investments and has done exceptionally well at attracting high profile investments from Europe, US, India and Korea amongst others which have made it stand out amongst Central Asian peers.”
Michel Danechi, Vedra Partners, said: “The macroeconomic fundamentals and the recently announced reforms have definitely put the country on the right track and created a strong basis for investing in Kazakhstan. We are very positive on the proposed reforms but need to see them implemented and maintained for years to come.”
Ayuna Nechaeva, Head of Europe, the London Stock Exchange, said: “The investment climate for Kazakhstan is improving and we look forward to higher levels of primary and secondary market activity over the medium and longer term, as a result.”
Chris Weafer, Chief Executive Officer, Macro-Advisory said: “The reform programme is capturing the attention of investors, with the trajectory for attracting inward investment looking more positive.”
The Report highlights Kazakhstan’s geographical location – at the crossroads of Eurasia – as a major advantage in building trade and attracting companies to locate there.
The EU remains Kazakhstan’s biggest trading partner.
Last year EU imports from Kazakhstan were $20.51 billion, according to the United Nations COMTRADE database. There are also more than 4,000 companies with European connections currently operating in Kazakhstan.
Since independence 31 years ago, international investors have injected more than $380 billion into Kazakhstan’s economy – 70 percent of the total investment flow into the whole Central Asian region during that period. Foreign Direct Investment in Kazakhstan in the second quarter of 2022 reached $7.58 billion – its highest level for a decade.
The Report concludes that leading global investors and businesses view Kazakhstan as increasingly investable, as it spreads its wings economically whilst, in parallel, entering a new phase of its political development.
@Kazakhstan Sotheby’s International Realty
Sotheby’s International Realty announced the opening of Kazakhstan Sotheby’s International Realty, signifying the brand’s continued expansion to nearly 220 offices in the EMEIA region.
Kazakhstan Sotheby’s International Realty is owned and operated by Andrei Manoukovski and will be led by CEO, Diana Alieva, who bring nearly 30 years of collective real estate experience to the company. The company is headquartered in the city of Almaty and will service the entire country, including the cities of Almaty, Astana, Shimkent, Aktobe, and Pavlador.
“Kazakhstan is known for its hospitality, authentic cuisine, and being rich in nature,” said Philip White, president and CEO of Sotheby’s International Realty. “The country debuted on the Global Fintech Index in 2021 and investors are demonstrating interest in the country’s real estate market. There is also a growing trend to increase new development projects. Our continued international expansion further enables our brand to grow strategically and provide added referral opportunities for our clients. I look forward to working with Diana and the entire Kazakhstan Sotheby’s International Realty team.”
“Our mission is to demonstrate the benefits of real estate investments to clients and our region,” said Alieva. “Kazakhstan is a country with established luxury. Clients value quality and trust brands with history. Currently, there are no real estate brands in the region that offer global recognition. Our affiliation with Sotheby’s International Realty allows us to differentiate ourselves as a company that represents high standards, heritage, and luxury.”
The company has several agents, and their team consists of financial and investment specialists to aid clients on the market and their real estate portfolios.
The Sotheby’s International Realty network currently has more than 26,000 affiliated independent sales associates located in over 1,000 offices in 81 countries and territories worldwide. Kazakhstan Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
@Kazakhstan Sotheby’s International Realty
