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
- Kazakhstan’s IT Market Slows After Years of Rapid Growth, but Salaries Keep Rising
- Why the Oil Price Spike Did Not Help Kazakhstan’s Budget Much, the Ministry Explained
- Why More Women in Kazakhstan Are Working Beyond the 40-Hour Week
- Drone Strikes on CPC Drag Down Kazakhstan’s Oil and Gas Output
- New Parking Rules Approved in Astana: How Much Will Drivers Pay and Who Is Exempt?
- Shell and Eni Replaced in Karachaganak Gas Plant Project
- Economist Calculates How Much Income Kazakhstanis Actually Keep
- Samruk-Kazyna Raises 3 Billion Yuan on AIX in Record-Low Panda Bond Deal
- Kazakhstan to Build Four New Airports by 2028
- State-Owned Plant in Atyrau Tried to Buy Sturgeon Caviar for Nearly 150 Million Tenge
- Chaos and Delays at the Border: Kazakhstan Wants to Bring Queues Under Control With New Rules
- Major Illegal Migration Channel Dismantled in Shymkent
- “A Shameful Sight”: Dump Near Altyn-Emel Caught on Video
- Kazakhstan Is Preparing to Increase the Scrap Fee on Cars From Russia
- Work Permits For Migrants To Go Fully Online As PSCs End Service
- Kazakhstanis Expect Higher Inflation but Remain Optimistic About the Future
- Support For Rural Doctors Doubles Amid Staffing Shortage
- South Korean Shareholder To Inject 4.7 Billion Tenge Into Kazakhstan’s Only Loss-Making Bank
- Tokayev Finishes Uzbekistan Trip With Focus on Trade and Environmental Cooperation
- Kashagan Operator Accused Of Stalling Sulfur Fine Pending Washington Arbitration