Fixed capital investment in professional, scientific and technical activities fell to KZT 98.3 billion in 2025, down 5% from a year earlier. In real terms, the decline in capital investment was more pronounced (physical volume index — 91.9%).
Investment activity began to recover in the first half of 2026. In January–June, capital investment in professional, scientific and technical activities reached KZT 36.4 billion, up 24% year on year (physical volume index — 116.7%). A year earlier, the figure had fallen by 52.4% to KZT 29.4 billion (physical volume index — 46.2%).
However, the current growth has yet to offset the previous decline. Investment in the sector in January–June this year remained 41% below the record level recorded in the same period of 2024, when it reached KZT 61.7 billion, which in turn was 4.2% below the first-half 2023 level. Overall, investment in January–June increased by 90.6% over the past ten years: in 2016, it stood at KZT 19.1 billion.
Atyrau Region recorded the largest volume of capital investment in professional, scientific and technical activities in the first half of 2026, at KZT 10.1 billion. The figure increased by KZT 7.5 billion year on year. The region accounted for 27.7% of total investment nationwide. The increase in Atyrau Region alone exceeded the overall increase across Kazakhstan, as investment declined in several other regions.
In Karaganda Region, capital investment in the sector amounted to KZT 5.1 billion, compared with KZT 5.3 billion a year earlier. In Almaty city, the figure fell from KZT 5.4 billion to KZT 4.6 billion. In Astana city, by contrast, investment increased from KZT 2.8 billion to KZT 3 billion. Together, Atyrau and Karaganda Regions, Almaty city and Astana city accounted for 62.6% of total capital investment.
In January–June this year, budget funds accounted for 2.3% of fixed capital investment in professional, scientific and technical activities. Funding from the national budget increased from KZT 191.9 million to KZT 782.6 million, while funding from local budgets fell by 77.1% to KZT 59.9 million.
Companies’ own funds remained the main source of capital investment. In January–June 2026, their volume increased by 24.1% to KZT 31.6 billion. Own funds accounted for 86.8% of all investment in the sector. Bank lending, by contrast, fell by 67.1% to KZT 292.1 million.
Non-bank borrowed funds increased by 43.2% to KZT 3.7 billion, accounting for around 10.1% of total investment. Within this category, funds from non-residents increased from KZT 64.9 million to KZT 745.6 million. Despite the high growth rate, however, they accounted for only around 2% of total investment.
