French companies have announced their intention to invest a further €1.5 billion in Kazakhstan over the next three years. The money could be directed towards the development of energy, infrastructure and tourism. The investors also expect to create more than 1,000 jobs.
WHERE THE MONEY WILL GO
As reported by BES.media, the investors' plans were outlined by the French Ambassador to Kazakhstan, Sylvain Guiaugé, at a presentation of a survey of French business in Astana.
The main areas of investment are wind power plants, hydropower, water supply and heating networks. French companies are also interested in developing tourism.
In particular, the company POMA has signed a contract to supply cable cars for the Almaty Mountain Cluster project. Some of the equipment may be manufactured in Almaty or the Almaty Region.
Exact sums for each project have not yet been disclosed.
HOW MUCH FRANCE HAS ALREADY INVESTED IN KAZAKHSTAN
France is among the top five largest foreign investors in Kazakhstan. The total volume of accumulated French investment stands at around €20 billion.
By the end of 2025, trade between the two countries exceeded €5 billion.
French enterprises operate in all 17 regions of Kazakhstan. They are engaged in oil and uranium extraction, and the production of locomotives, cement and food products.
HOW MANY JOBS THE COMPANIES CREATE
Currently, the enterprises that took part in the survey provide employment for more than 12,000 Kazakhstanis. Over three years they intend to create a further 1,000-plus jobs.
At the same time, 42% of the companies surveyed have their own production facilities in Kazakhstan, and more than 40% export their products to other countries.
HOW KAZAKHSTAN COOPERATES WITH FRANCE
Kazakhstan ranks second among oil suppliers to France, providing around 13% of its imports. In addition, the country is the largest supplier of uranium to France.
The survey was conducted from March to June 2026. 26 companies took part in it. In total, at least 200 French enterprises work with the Kazakh market.
