ASTANA, Kazakhstan, November 23. Kazakhstan plans to implement 400 investment projects worth 4.6 trillion tenge (about $9.96 billion) in 2024, said Prime Minister Alikhan Smailov after the Senate meeting, Trend reports.
Issues of attracting investment in Kazakhstan are given priority, as this directly stimulates economic development.
In 2022, the volume of foreign direct investment in Kazakhstan amounted to a record $28 billion over the past 10 years.
Based on the results of the first half of 2023, Kazakhstan has already attracted $13.5 billion foreign direct investment.
As the PM noted, Kazakhstan intends to continue to maintain such high dynamics of attracting investments.
Kazakhstan intends to attract $150 billion in foreign direct investment by 2029.
"We have formed a pool of investment projects in non-resource sectors. Now there are 970 such projects worth 32 trillion tenge (about $69.3 billion)," the PM added.
At the end of 2022, the gross inflow of foreign direct investment into Kazakhstan amounted to $28 billion, which is 17.7 percent more than the results of 2021 ($23.8 billion). This is a record figure over the past 10 years - in 2012, the volume of FDI reached $28.9 billion.
The leaders in terms of investment in the republic were the Netherlands - $8.33 billion (an increase of 19.7 percent), the US - $5.1 billion (+81.9 percent), Switzerland - $2.8 billion (+2.4 percent), Belgium – $1.56 billion (+46 percent), Russia – $1.52 billion (-19.7 percent), South Korea – $1.48 billion (+84.8 percent), China – $1.43 billion (-22 .5 percent), France – $770.2 million (+27.4 percent), the UK – $661 million (-35.7 percent) and Germany – $469.5 million (+45.4 percent).
