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Volume of direct foreign investments in Kazakh economy increases over past two years

Business Materials 6 February 2014 17:25 (UTC +04:00)
The volume of foreign investments in the Kazakh economy has increased over the past two years.

Astana, Kazakhstan, Feb. 6

Trend - D. Mukhtarov

The volume of foreign investments in the Kazakh economy has increased over the past two years, Vice-Prime Minister of Industry and New Technologies of the Republic of Kazakhstan Aset Isekeshev said on Feb. 6.

"Kazakhstan attracted $14 billion, which allowed taking second place among the countries of the CIS (Commonwealth of Independent States). The volume of direct investments was $18.1 billion over nine months of 2013," Isekeshev said.

According to his words, to promote investments opportunities of Kazakhstan, approximately 40 bilateral documents about cooperation in the amount of $1.5 billion were signed.

"Currently, the work on 300 projects in the amount of about $97.3 billion, including projects of oil and gas field (111 projects in the amount of $19.5 billion, 96 projects in the amount of $44.07 billion, promising 136 projects in the amount $33.7 billion) with the participation of foreign investors is being conducted," the Vice-Prime Minister added.

Translated by R.A.

Edited by C.N.

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