BAKU /Trend/ – On March 15, a referendum was held in Kazakhstan in which 87.15% of voters supported the adoption of a new Constitution. This event signaled the start of a large-scale restructuring of the country’s economic model, with authorities emphasizing that the updated fundamental law is a foundation for attracting quality capital.
The need for such changes is confirmed by figures: in the first nine months of 2025, the inflow of foreign direct investment into Kazakhstan grew by 10.9%, reaching $14.9 billion. The consolidation of data protection in Article 21 of the Constitution becomes a tool for minimizing operational risks. Fines for violations will increase to 5,000 MRP, and criminal penalties are being considered for mass data leaks.
Another important instrument is decentralization and the creation of new growth points. Article 5 of the new Constitution allows the introduction of the ‘accelerated development city’ regime, with Alatau to be the first such project. The approach to human capital is also changing: the updated Article 3 effectively transforms science into a direct productive force of the economy, universities gain greater academic freedom, and endowment funds are being created to support them.
On December 31, 2025, the government approved a new Investment Policy Concept through 2030. Amid global uncertainty, the new Constitution, together with accompanying measures, is designed to reduce investment risks for Kazakhstan and transform intellectual potential and transparent law into key factors of sustainable economic growth.
