Tuesday, December 5, 2023
HomeBusinessForeign Direct Investment Inflow in Kazakhstan Hits Record High in 2022

Foreign Direct Investment Inflow in Kazakhstan Hits Record High in 2022

The gross foreign direct investment (FDI) inflow in Kazakhstan reached $28 billion in 2022, a record-high in the past ten years, reported the Kazakh Foreign Ministry.

FDI inflow went up by 17.7% since 2021 when it reached $23.8bn. In 2012, this figure stood at $28.9bn.

The top investing countries in Kazakhstan are the Netherlands with $8.3bn, the United States – $5.1bn, Switzerland – $2.8bn, Belgium – $1.6bn, Russia and South Korea with $1.5bn each, and China – $1.4bn.

The largest inflows were directed in such sectors as mining – $12.1 billion (a 25 percent increase), manufacturing – $5.6 billion (2.7 percent), wholesale and retail trade – $5.1 billion (36 percent), professional, scientific, and technical activities – $1.2 billion (2.2 times), transport and warehousing – $1.2 billion (13.5 percent).

The Atyrau Region received most of the investment – $8.3 billion (a 48.3 percent increase), followed by Almaty city with $7.6 billion (10.9 percent), Astana – $2.2 billion (107.2 percent), the East Kazakhstan Region – $2.2 billion (3.1 percent), and the Aktobe Region – $1.2 billion (11.2 percent down).

Kazakhstan seeks to attract at least $150 billion of foreign investment over the next seven years.

Source: EU Reporter

Continue to the category


- Advertisment -

Most Popular