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
Read also:
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
