BAKU, Azerbaijan, Apr.8
By Nargiz Sadikhova - Trend:
Total value of foreign direct investments (FDI) inflow in Kazakhstan amounted to $24.1 billion in 2019 compared to $24.3 billion in 2018, Trend reports with reference to the analysis of Kazakh Invest National Company.
The largest volume of FDI (56.3 percent) in 2019 accounted for country’s mining and metallurgy sector.
“The industry attracted record $13.5 billion of foreign investments. The industry saw structural changes of inflow: FDI inflows to metal ores extraction sector increased by 60 percent, while FDI inflows to coal and lignite extraction decreased by 60 percent,” the analysis said.
Over $3.5 billion of FDI in 2019 were invested in manufacturing industry, $3 billion in trade, $1.1 billion in transportation and logistics and over $1 billion in finance and insurance industries.
Investments in accommodation and food services increased by 10.5 times (by $175.6 million), water supply by 3.1 times (by $18.4 million), and in transportation by 50.7 percent (by $371.7 million).
A decrease in investments value was observed in the information and communications industry by 31.4 percent (by $58.1 million), in professional, scientific and technical activities by 24.8 percent (by $167.1 million), in financial and insurance industry by 22.4 percent (by $293.2 million).
The top five countries investing the most into the economy of Kazakhstan remained unchanged in 2019.
“Being the largest investor, the Netherlands invested $7.3 billion in Kazakhstan (30.2 percent), followed by the USA with $5.5 billion of investments (23 percent) and Switzerland with $2.2 billion. China outran Russia in terms of investments and took 4th place with $1.7 billion of investments (7 percent), while Russia closed the top five with $1.4 billion of investments (5.8 percent),” the company said.
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