In 2023, Germany set a new record for direct investment inflows into Kazakhstan, reaching $770mn. This marks a 64% increase compared to the previous year, raising the total German investment in Kazakhstan to over $6.6bn since 1992.
Currently, Kazakhstan and Germany are collaborating on 32 joint investment projects, with total commitments exceeding $1.1bn. Among these, 12 projects are actively being implemented, valued at approximately $51bn. Furthermore, 22 prospective projects are in the development stage, totalling around $2.8bn.
The majority of these investments are concentrated in non-resource sectors, including manufacturing, chemicals, building materials, agriculture, transportation, and logistics. A key area of interest for attracting German investment is sustainable energy development. Kazakhstan aims to enhance the share of renewable energy sources in its energy mix to 11% by 2030.
In line with this goal, the German company Svevind is planning a multi-billion-dollar project that includes the establishment of a desalination plant for hydrogen production.
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