Important business sectors in Kazakhstan include:
Kazakhstan’s financial industry has been thriving due to the country’s political stability and strong track record of economic reform over the last several years.
The communications sector in Kazakhstan is one of the most promising areas for increased foreign investment.
With more than 200 oil and gas fields in the Republic, Kazakhstan is likely to be one of the top five oil exporting nations in the world within the next ten years.
Kazakhstan owns a vast network of power plants and grids, and has been actively privatizing the power industry.
The final products of Kazakhstan’s metallurgy industry include metals, alloys and chemical products such as refined copper and lead, zinc, titanium, magnesium, rare metals, rare earth elements and their compounds, rolled copper and lead.
Kazakhstan’s reserves of uranium, chromium, lead and zinc are ranked second in the world; and the country also is home to vast supplies of manganese, copper, coal, iron, gold and aluminum.
The construction and construction supply industries naturally touch each of the other sectors. Where there is strong economic growth, new construction projects develop. The recent increase in foreign investment in construction is a testimony to the growth of other economic sectors.
Kazakhstan is a major producer of grain and livestock, with a large percentage of the country’s land used to raise crops and for animal husbandry. A major exporter of wheat, other crops include barley, cotton and rice.
Transportation in Kazakhstan (including pipelines, railways, aerial routes, water transport and highways) comprises approximately 10 percent of the gross domestic product. Indeed, the success of the other economic sectors relies on a strong and well-maintained transportation system.