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Influx of foreign direct investments in Kyrgyzstan's construction sector surges

Kyrgyzstan Materials 29 June 2024 02:12 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, June 29. The construction sector of Kyrgyzstan received $11.249 million in direct foreign investments from January through March 2024, Trend reports.

According to the State Statistical Committee of Kyrgyzstan, this figure is 34 times higher than in the corresponding months of 2023 ($323,400).

The construction sector accounted for 5.6 percent of all foreign investments in Kyrgyzstan in the first quarter of this year, compared to just 0.2 percent a year ago.

Overall, Kyrgyzstan received $200.3 million in foreign direct investments in the first quarter of this year, marking a 17.2 percent increase year-on-year.

The largest share of foreign investments, 40 percent, went to manufacturing, 15 percent to trade, 14 percent to mining, and 9 percent to information and communication.

China was the primary investor in Kyrgyzstan during the reviewed months, accounting for 26 percent of all investments in Kyrgyzstan, followed by Russia with 20 percent, Türkiye with 14 percent, the Netherlands with 10 percent, and Germany with 9 percent.

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