BISHKEK, Kyrgyzstan, July 27. The volume of foreign direct investment (FDI) from countries outside the Commonwealth of Independent States (CIS) to Kyrgyzstan from January through March 2023 dropped twofold compared to the same months of 2022, Trend reports.
The data from the State Statistical Committee of Kyrgyzstan shows that the decline in FDI was primarily attributed to reduced investments from Canada in Kyrgyzstan's processing industry, from Türkiye in both the processing industry and mining sector, from the Netherlands in the information and communication sectors, and from Germany in the processing industry as well.
During the period under review, China emerged as the leading investor, accounting for 17.2 percent of the total FDI received by Kyrgyzstan. Most of China's investments were directed towards enterprises in the processing industry, primarily in the production of basic metals, finished metal products, rubber, plastics, and wholesale and retail trade.
Other major investors are UK with 10.4 percent of the total FDI, Switzerland with 8.3 percent, Netherlands with 7.9 percent, and Türkiye with 4.6 percent.
The UK's investments were mainly focused on mining and geological exploration enterprises, while Switzerland invested in geological exploration and the financial and insurance sectors.
Netherlands directed its investments towards financial and insurance activities, information and communication sectors, as well as enterprises in the processing industry, particularly in food and beverage production.
Türkiye's investments were directed into wholesale and retail trade, real estate operations, and enterprises in the processing industry, with a particular emphasis on food and beverage production, as well as rubber, and plastic products.