FDI in Kazakhstan's economy increases

Kazakhstan Materials 7 October 2021 09:08 (UTC +04:00)
FDI in Kazakhstan's economy increases

BAKU, Azerbaijan, Oct.7


The volume of foreign direct investment in economy of Kazakhstan increased by 30.4 percent in the first half of 2021 and amounted to $11.1 billion, Trend reports citing the Kazakh media.

In terms of industries, the largest increase in foreign investment is noted in the manufacturing industry - by 57.2 percent, trade - by 45.8 percent, mining - by 27.1 percent, transport - by 20.4 percent.

An increase in capital inflows is observed across all major investing countries in economy of Kazakhstan.

Accordingly, the FDI (foreign direct investment) inflows from the Netherlands amounted to - $3.3 billion (an increase of 24.5 percent), the US - $2.1 billion (an increase of 87.7 percent), Switzerland - $1.3 billion (an increase of 86.7 percent) , Russia - $704.9 million (an increase of 17 percent), China - $508.7 million (an increase of 63.7 percent), Belgium - $459.5 million (an increase of 4.3 percent), Turkey - $388.7 million (an increase of 79.9 percent), South Korea - $233 million (an increase of 33.1 percent).

In terms of regions, the highest investment activity was shown by the Atyrau region - $3.6 billion (an increase of 15.4 percent), the city of Almaty - $3 billion (an increase of 26.3 percent), East Kazakhstan region - $1.3 billion (an increase of 72.8 percent). Positive dynamics is also observed in the Pavlodar region - $514 million (an increase of 21.7 percent), Kostanay region - $496.4 million (an increase of 2.2 times), Aktobe region - $410.1 million (an increase of 53.2 percent), the city of Nur-Sultan - $ 308.6 million (an increase of 10.2 percent), the Mangystau region - $302.9 million (an increase of 98.8 percent), the Turkestan region - $137.8 million (an increase of 85.1 percent), the city of Shymkent - $64.1 million (an increase of 22.4 percent).

Attracting foreign capital and technologies to the country's economy is a priority task of the Government of Kazakhstan.

As part of the goal of further diversifying the national economy and increasing the sustainability of its growth, the Government is consistently working to bring the rate of inflow of foreign direct investment to $30 billion per year and to increase the level of investment in fixed assets to 30 percent of GDP by 2025.