Kazakhstan sees return of foreign investments to pre-COVID-19-pandemic level - MFA

Kazakhstan Materials 4 April 2022 17:10 (UTC +04:00)
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, April 4. Kazakhstan was able not only to reverse the downward tendency in foreign capital inflows but also to reach the indicators of 2017-2019, Trend reports via the country’s Foreign Ministry.

According to the ministry, in 2021, the gross inflow of foreign direct investments (FDI) into Kazakhstan amounted to $23.7 billion, which is 37.7 percent higher than in 2020 ($17.2 billion) when the COVID-19 pandemic has begun.

The top five countries with the largest volume of investments in the Kazakh economy remained unchanged. The Netherlands, US, Switzerland, Russia, and China held the leading positions in terms of investment volume growth from 25 percent to 92 percent.

The share of investments from the above countries made up 68.3 percent of the total volume of attracted investments.

Significant changes have taken place in other countries of the TOP-10. Belgium displaced the UK from 6th place, showing a significant increase of 35.1 percent. South Korea, with a growth of 73.2 percent, moved from 9th to 8th place, ahead of French investors, which ranked last in the top ten investment donors.

Turkish investors also ensured the growth of capital investments in Kazakhstan by 87 percent and took the 9th position in the rating, ahead of France and Cyprus.

The TOP-10 investor countries in 2021 included:

Netherlands - $7 billion;

US - $2.8 billion;

Switzerland, $2.6 billion;

Russia - $1.9 billion;

China - $1.8 billion;

Belgium - $1.06 billion;

UK - $1.02 billion;

South Korea - $805.5 million;

Turkey - $679.5 million;

France - 603.1 million.

Last year, investments in Kazakhstan’s agriculture, forestry, and fisheries rose by 2.8 times, professional, scientific, and technical activities - by 2.6 times, information and communication - by 80.1 percent, and electricity supply - by 68.3 percent.

Meanwhile, investments in the processing industry of the country also considerably grew, reaching $2 billion, up by 65.4 percent compared to 2020.