ASTANA, Kazakhstan, December 20. The Eurasian region is of particular interest to Kazakhstan in the context of trade and economic relations, Trend reports.
According to the Eurasian Development Bank's (EDB) report, Kazakhstan ranks second after Russia in the list of exporters and first among recipients of capital from other countries in the Eurasian region.
Thus, currently, 166 mutual investment projects between Kazakhstan and the countries of the Eurasian region are being implemented in the amount of $17.9 billion. Compared to 2022, the number of projects increased by 10, and the volume increased by $786 million.
Kazakhstan is implementing 55 of these projects worth $4.65 billion in the countries of the Eurasian region. At the same time, the countries of the Eurasian region are implementing 111 projects worth $13.29 billion in Kazakhstan.
In addition, Kazakhstan’s largest partner in this context among the countries in the Eurasian region is Russia. The total number of mutual investment projects between countries is 119, and the volume of investments is 16.159 billion.
Meanwhile, 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), Great Britain: $661 million (-35.7 percent), and Germany: $469.5 million (+45.4 percent).
By industry, the largest volume of investments was directed to the mining industry: $12.1 billion (+25 percent), manufacturing: $5.6 billion (+3 percent), wholesale and retail trade: $5.08 billion (+36 percent), professional, scientific, and technical activities: $1.1 billion (2.1 times increase), transport and warehousing: $1.1 billion (+14 percent), construction: $698 million (-3 percent), financial and insurance activities: $650 million (-60 percent), electricity and gas supply: $635.6 million (an increase of 2.8 times), etc.