Kazakhstan Investment Leader in Central Asia
Photo: Pixabay, illustrative purposes
In 2024, our country attracted $15.7 billion in new projects, becoming the leader in investments in North and Central Asia, Orda.kz reports, citing the Kazakh Invest press service.
The corresponding report was published by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
According to the results of 2024, the growth of investments in our country reached 88% compared to last year.
Kazakhstan accounts for 63% of all investments attracted in the region.
Next on the list are:
- Uzbekistan - $4 billion (-49%)
- Kyrgyzstan - $2.1 billion (+310%)
- Azerbaijan - $1.2 billion (+1%)
- Turkmenistan - $339 million
- Georgia - $126 million
- Armenia - 67 million dollars.
Digitalization, technological innovation, and green energy projects enjoy particular support and interest from international companies.
In this context, the proactive work of investment agencies and relevant ministries is especially important. The success of new directions depends not only on the creation of favorable policies, but also on the support of investors at all stages, including post-investment support, the report says.
It is also noted that in the outgoing year, Kazakhstan strengthened its position as a key investment hub in the region.
Two significant events were held in the republic - the Foreign Investors Council and the Kazakhstan Round Table on Global Investments.
Original Author: Raushan Korzhumbekova
Latest news
- AI To Check How Kazakhstan’s State Agencies Work
- £195,000 In 13 Days: How Kazakhstan Ended Up In Prince Andrew’s Costliest Tour
- Labor Ministry Explains Why Kazakhstan Still Has No Harassment Law
- Defense Ministry Explains Drone Crash In Zhambyl Region
- Kazakhstan Refuses To Ease Access To Hazardous Work Payments
- Almaty Metro To Replace Korean-Controlled System After Technical Failures
- Fewer Kazakhstanis Work Outside Their Home Regions
- Safety Violations Cited As Possible Cause Of Kazzinc Plant Explosion
- Tenge Weakens Five Percent In May As National Bank Reports No Interventions
- New Direct Flights From Kazakhstan To Warsaw, Izmir, And Larnaca
- Kazakhstan Clarifies Position On Possible Iranian Uranium Storage
- EU Politicians Eye Kazakhstan And Uzbekistan As Possible Sites For Migrant Return Centers
- Kazakhstanis Are Leaving The Regions For Megacities
- Kazakhstan Could Store Iranian Uranium If US-Iran Nuclear Deal Is Reached
- Kazakhstan’s EV Boom Is Here. Is The Grid Ready?
- Cyprus President To Make First Official Visit To Kazakhstan
- Kazakh Investors May Gain Remote Access To Armenian Stock Market
- Call Center In Ukraine Scammed Kazakhstanis By Posing As Banks And Police
- Kazakhstan Marks Day Of Remembrance For Victims Of Political Repression And Famine
- Kazakhstan Considers Molecular Markers To Track Fuel Supply Chains