June 26, 2026
The II Investment Forum “Future of the Region: Development Strategy” Brings Together More Than 500 Participants in Uralsk
The II Investment Forum "Future of the Region: Development Strategy" was held in Uralsk, bringing together government officials, international investors, industry leaders and business representatives to discuss the future of Kazakhstan's oil and gas sector, industrial development and investment opportunities in the West Kazakhstan Region.
The forum was jointly organized by the Kazakhstan Oilfield Services Companies Union (KazService) and KPO B.V., with the support of the Ministry of Energy of the Republic of Kazakhstan, the Akimat of the West Kazakhstan Region, and the National Chamber of Entrepreneurs "Atameken."
The event attracted more than 500 participants, including Members of the Parliament of the Republic of Kazakhstan, representatives of central and local government agencies, executives of major oil and gas companies, domestic manufacturers, international experts and business delegations from Italy, Qatar, the United States and other countries. The Ambassador of the Republic of Finland to Kazakhstan also took part in the forum.
The forum welcomed participants from across Kazakhstan, including Astana, Almaty, Aktobe, Atyrau, Mangystau, East Kazakhstan and West Kazakhstan regions, highlighting its national significance as a platform for dialogue between government, investors and industry.
A key focus of the forum was increasing the participation of Kazakhstani companies in major oil and gas projects while strengthening the industrial capacity of the West Kazakhstan Region.
As one of Kazakhstan's three largest oil-producing regions, West Kazakhstan is increasingly positioning itself not only as a resource-producing region but also as a manufacturing hub. Local enterprises already produce oil and gas equipment, steel structures, transformers, metering systems, construction materials and other industrial products that meet international standards, with significant potential to expand supplies to major operators.
In his opening remarks, the Akim of the West Kazakhstan Region emphasized that attracting investment and developing domestic manufacturing remain key priorities set by the Head of State. He noted that the region has established modern industrial infrastructure and competitive manufacturing facilities capable of producing high-quality equipment for the oil and gas industry while increasing local content in major investment projects.
Chairman of the Presidium of the Kazakhstan Oilfield Services Companies Union KazService, Rashid Zhaxylykov, highlighted the growing interest of international investors in the region.
The event attracted more than 500 participants, including Members of the Parliament of the Republic of Kazakhstan, representatives of central and local government agencies, executives of major oil and gas companies, domestic manufacturers, international experts and business delegations from Italy, Qatar, the United States and other countries. The Ambassador of the Republic of Finland to Kazakhstan also took part in the forum.
The forum welcomed participants from across Kazakhstan, including Astana, Almaty, Aktobe, Atyrau, Mangystau, East Kazakhstan and West Kazakhstan regions, highlighting its national significance as a platform for dialogue between government, investors and industry.
A key focus of the forum was increasing the participation of Kazakhstani companies in major oil and gas projects while strengthening the industrial capacity of the West Kazakhstan Region.
As one of Kazakhstan's three largest oil-producing regions, West Kazakhstan is increasingly positioning itself not only as a resource-producing region but also as a manufacturing hub. Local enterprises already produce oil and gas equipment, steel structures, transformers, metering systems, construction materials and other industrial products that meet international standards, with significant potential to expand supplies to major operators.
In his opening remarks, the Akim of the West Kazakhstan Region emphasized that attracting investment and developing domestic manufacturing remain key priorities set by the Head of State. He noted that the region has established modern industrial infrastructure and competitive manufacturing facilities capable of producing high-quality equipment for the oil and gas industry while increasing local content in major investment projects.
Chairman of the Presidium of the Kazakhstan Oilfield Services Companies Union KazService, Rashid Zhaxylykov, highlighted the growing interest of international investors in the region.
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Every investor comes with its own vision and development strategy. Today we are seeing new investment initiatives, including plans by a Qatari company to invest approximately USD 20 billion in projects in Kazakhstan. There are also proposals to develop data centers in the West Kazakhstan Region. Our objective is to ensure that these investments create maximum opportunities for Kazakhstani companies and contribute to the growth of local content
Throughout the forum, participants discussed expanding local supplier participation in large-scale oil and gas projects, strengthening industrial cooperation, attracting new investment, promoting technology transfer and supporting the development of competitive domestic manufacturing.
The II Investment Forum "Future of the Region: Development Strategy" once again demonstrated the importance of close cooperation between government institutions, international investors and the private sector. The outcomes of the forum are expected to contribute to the implementation of new investment projects, the creation of modern industrial facilities, new jobs and the further integration of Kazakhstani companies into the supply chains of major oil and gas operators.
The II Investment Forum "Future of the Region: Development Strategy" once again demonstrated the importance of close cooperation between government institutions, international investors and the private sector. The outcomes of the forum are expected to contribute to the implementation of new investment projects, the creation of modern industrial facilities, new jobs and the further integration of Kazakhstani companies into the supply chains of major oil and gas operators.