Baku, Azerbaijan, Nov. 14
By Elena Kosolapova – Trend:
Gross inflows of foreign direct investment grew in Kazakhstan in the first half of 2016, Kazakh Investment and Development Ministry reported Nov. 14.
Direct investment hit $9.3 billion in this period which is 25.8 percent more compared to the same period of 2015, Investment and Development Minister Zhenis Kasymbek said at the government meeting.
According to the minister, as much as 60 percent of these investments fell on mining and exploration sphere, 15 percent - on the manufacturing sector, 9 percent on trade, 5 percent on the construction, 12 percent - on other spheres.
In 1H2016 foreign investment in the manufacturing sector remained at last year’s level, Kasymbek said. Meanwhile, investment in the steel industry (which accounts for 88 percent of all investments in the manufacturing sector) grew by 26.5 percent.
Investments in the chemical industry grew by 8.4 times, in the pharmaceutical industry- by 4.2 times in 1H2016.
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