Kazakhstan Explains Drop In Foreign Investment By Profit Withdrawals
Illustration: elements.envato.com
Kazakhstan’s economy is showing qualitative growth despite a decline in foreign investment inflows, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said, Orda.kz reports.
According to him, industry made the main contribution to economic growth in 2025.
Industrial production increased by 7.5%. Manufacturing grew by 6.7%, mechanical engineering by 12.9% and food production by 8.1%. Transport and logistics grew by 20%, while construction work increased by almost 16%. This shows the growth of Kazakhstan’s production potential,Zhumangarin said.
The minister also commented on the decline in net foreign direct investment inflows at the end of 2024. According to him, several major projects had been completed, after which investors began withdrawing profits.
At the end of 2024, the net inflow of foreign direct investment was indeed negative. Major projects have been completed, and investors have begun to withdraw profits. This is a natural process. We allow this because we have an open economy. Otherwise, investors will not come to us. More than 80% of investment today comes from private sources. Investment growth and its structure show that we have no reason to call the current economic growth low-quality,Zhumangarin said.
The minister added that inflation continues to slow down and stood at 10.4% in May.
Original author: Alina Elgeldina
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