ASTANA, Kazakhstan, January 11. Kazakhstan is listed as one of the most promising countries in terms of foreign investments, as is assessed in the fDi Intelligence's annual FDI Standouts Watchlist - ranking of countries with the strongest foreign direct investment momentum for 2024, Trend reports.
The study, which assesses the macroeconomic and foreign direct investment (FDI) trajectories of the world’s top 50 FDI destinations using data from the IMF and foreign investment monitor fDi Markets, singles out those countries that are entering the new year with a strong macroeconomic and FDI momentum as the world continues to grapple with a patchy post-COVID recovery.
Speaking of Kazakhstan, the country's official data shows that at the end of 2022, the gross inflow of foreign direct investment into Kazakhstan amounted to $28 billion, which is 17.7 percent more than the results of 2021 ($23.8 billion). This is a record figure over the past 10 years - in 2012, the volume of FDI reached $28.9 billion.
The fDi Intelligence's report says that strong foreign direct investment (FDI) and macroeconomic prospects make countries more attractive to investment. The ten countries with the strongest FDI prospects for 2024 are spread across countries in Asia, Africa, the Middle East and Europe.
The top 10 includes: Cambodia, the Philippines, Kenya, Iraq, Namibia, Kazakhstan, Azerbaijan, Morocco, Serbia and India. Kazakhstan is the only Central Asian country in the list.
As Kazakhstan's Finance Minister Yerulan Zhamaubayev stated in 2023, Kazakhstan considers it important to increase the country’s investment attractiveness and attract foreign investment for economic growth. The country actively advocates mutually beneficial economic and investment cooperation at the international level, and spares no resources to improve the conditions for foreign investors.