I am writing to share my thoughts on President Kassym-Jomart Tokayev's Address to the Nation, titled "Economic Course of a Just Kazakhstan," which he delivered on September 1, 2023. My perspective is shaped by my recent visit to Kazakhstan in June of this year, where I had the opportunity to explore the country's potential investment opportunities, particularly in the mining sector.

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President Tokayev's address left a profound impression on me. It underscores Kazakhstan's commitment to fostering a just and prosperous society, which is particularly encouraging for potential investors like us. I believe that the economic course outlined in the address holds significant promise for the mining sector and presents a favorable environment for investment.

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The initiatives and reforms highlighted in the address, such as the doubling of teachers' salaries and increased wages for doctors, are indicative of a government that places a high value on the welfare of its citizens. This commitment to human capital development not only improves the quality of life for the population but also signifies a workforce that is well-educated and skilled - essential factors for a thriving mining industry.

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Furthermore, the political reforms aimed at ensuring an optimal balance between branches of government and transitioning to a presidential republic with a strong parliament reflect a dedication to good governance and political stability. As investors, we understand the importance of a stable political environment for the long-term success of our ventures.

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President Tokayev's new economic course, emphasizing fairness, inclusiveness, and pragmatism, resonates with our investment philosophy. The focus on diversifying the economy and promoting industrial development aligns with our interests in the mining sector. The simplification of state procurement processes also creates a business-friendly atmosphere that facilitates investment and economic growth.

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The President's vision for digitalization and the IT sector presents exciting opportunities for investors like us. We believe that Kazakhstan's journey toward becoming an IT country holds the potential for mutually beneficial partnerships and investments in technology-driven solutions for the mining industry.

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The emphasis on energy and infrastructure development aligns with our holistic approach to investment. As an lndonesian mining company, we understand the importance of well-developed transportation networks and energy resources in ensuring the efficient operation of our mining projects.

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In conclusion, I am greatly impressed by the vision and commitment outlined in President Tokayev's Address to the Nation. It reaffirms my belief that Kazakhstan is a promising destination for investment in the mining sector. I look forward to exploring potential collaborations and investment opportunities in Kazakhstan further.

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Mohamad Bawazeer

Founder and President Director

Indrillco Group

September 26, 2023