In 1H2016, FDI up 25.8% in Kazakhstan

Foreign direct investments in Kazakhstan grew to USD9.3 billion in the first half of 2016
In 1H2016, FDI up 25.8% in Kazakhstan
14 November 10:36 2016 Print This Article

In the first half of 2016, gross inflows of foreign direct investment (FDI) in Kazakhstan grew 25.8%, Kazakh Investment and Development Ministry reports on Monday.

Direct investment hit USD9.3 bln in this period, which is up 25.8% over the same period of 2015, reports Trend newsagency citing Investment and Development Minister Zhenis Kasymbek as saying at a government meeting.

According to him, as much as 60% of FDI fell on mining industry and exploration spheres, 15% – on the manufacturing sector, 9% on trade, 5% on construction sector (11% – on other spheres).

“Foreign investment in the manufacturing sector remained at last year’s level. However, investment in the steel industry grew 26,5%,” Mr Kassymbek said.

Investments in processing industry also grew substantially, in particular FDI in the chemical industry grew by 8.4 times, in the pharmaceutical industry – by 4.2 times.

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