Foreign investments in Kazakhstan grow 15.4 percent in six months, exceed $12 billion

Transnational companies are currently involved in 34 investment projects worth $10.6 billion.

27 October 09:31 2018 by monika Print This Article

“The volume of foreign directed investments injected in the Kazakh economy rose by 15.4 percent in six months” said minister for Investments and Development Zhenis Kassymbek.

Kazakhstan tops Central Asian countries in terms of attracted investments, accounting for more than 70 percent of all foreign direct investments into the region.

Kassymbek indicated mining ($6.7 billion in investments), transport ($393.3 million), finance and insurance ($359.5 million), information and communications ($124.2 million) and trade ($5.47 million) are among fastest growing industries.

“In nine months, gross fixed capital formation grew by 21.6 percent and reached 7.5 trillion tenge (US$20.5 billion),” he said. “Of those, 73.1 percent or 5.5 trillion tenge (US$15 million), can be attributed to private investments.”

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