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Astana, Kazakhstan • 21 October, 2022 | 12:54

Kazakhstan Attracts $24 Billion of Foreign Investments Annually

Around 90% of those come from East Asia, Western Europe and Russia

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Deputy Foreign Minister Almas Aidarov stated at the Kazakhstan Global Investment Roundtable (KGIR) that the country attracts about $24 billion annually, QazMonitor reports citing Kazinform.

KGIR 2022 took place in Astana on October 19 and was attended by representatives from 300 foreign companies. This year's investment roundtable was focused on the issues of logistics and food security. The volume of business deals signed on the forum’s grounds is estimated at $1 billion.

According to Aidarov, over the past five years, Kazakhstan managed to attract a stable yearly stream of $23-24 billion of direct foreign investment. Around 90% of those come from South Korea, Japan, China, Russia, and the countries of Western Europe.

"The outlier here is 2020. The investments figure dropped to $17 billion when the pandemic broke out. However, in 2021, the amount recovered to $23.7 billion. This year’s figure so far stood at $14.2 billion indicating a 28% rise and the overall volume is expected to hit $25 billion,” he said.

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