Kazakhstan raised a whopping $28bn in direct foreign investments last year, making up 61% of all net investments in Central Asian countries, as per a report by the country's Deputy Foreign Minister Almas Aydarov. This has been a trend over the past few years, with the country attracting more than $20bn annually.
While mining and metallurgical complexes have historically accounted for up to 70% of the investment, this figure has decreased to around 50%.
The manufacturing industry is growing, with a 20% share in 2022, and wholesale and retail trade is also rising, attracting about $5bn. The transportation and warehousing industries brought in about $1bn.
The Foreign Ministry assures that Kazakhstan has created favorable conditions for investment growth and is committed to maintaining a good investment climate. The Netherlands, the USA, Switzerland, Belgium, Russia, Ukraine, China, France, the UK, and Germany are all traditional donors to the country's economy.
With a three-level system for attracting investment, 108 foreign agencies operate to attract new companies. During the first half of 2023, approximately 2,000 companies underwent processing, with 450 of them visiting various regions of Kazakhstan.
The Deputy Foreign Minister sets a standard of at least 40 large projects with foreign participation to be constructed annually.
The Atyrau region is the leader in attracting foreign direct investment, followed by Almaty and Astana.
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