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Kazakhstan expects to record significant FDI inflow in 2023

Kazakhstan Materials 30 January 2023 13:40 (UTC +04:00)
Kazakhstan expects to record significant FDI inflow in 2023
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, January 30. Kazakhstan aims to attract foreign direct investments (FDIs) worth around $24.4 billion in 2023, Alikhan Smailov, the Prime Minister of Kazakhstan, said, Trend reports, citing the press service of the PM.

The statement was made during the Kazakhstan’s Investment Staff meeting.

Speaking at the event, Almas Aidarov, Deputy Minister of Foreign Affairs of Kazakhstan, said that the volume of FDIs from January through September 2022 reached $22.1 billion, which is an increase of 17.8 percent in year on year terms, compared to 2021.

Aidarov added that 46 projects with international participation have been implemented in the country during the said period in the fields of renewable energy, metallurgy, agriculture, mining industry, and engineering.

Top-10 FDI donors in 2022 included the Netherlands, the US, Switzerland, Belgium, Russia, South Korea, China, France, the UK, and Turkiye.

Previously, Aidarov said that the country retained its positive image despite existing geopolitical circumstances. Speaking in late December 2022, the Deputy Minister told that Kazakhstan expects to attract around $150 billion worth of FDI during the following seven years. In 2021, Kazakhstan was able to return to the pre-pandemic FDI level by attracting $23.7 billion worth of investments.

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