Kazakhstan attracted $130 bln of foreign investment over past six years
Kazakhstan has attracted $130 billion of foreign investment over six years and significantly increased exports of processed products, El.kz reports citing primeminister.kz.
Kazakhstan's economy is showing steady growth against the backdrop of active international cooperation and attracting foreign capital.
The inflow of foreign direct investment (FDI) continues in the country, which confirms the confidence of foreign partners in the economic potential of the state.
From 2019 to 2024, the total volume of attracted FDI amounted to $130 billion, of which $72.7 billion was directed to the processing industry. This indicates a qualitative change in the structure of the economy and the strengthening of the role of the non-resource sector.
An important achievement was the recognition of Kazakhstan as one of the largest recipients of investments among landlocked developing countries.
The strengthening of international cooperation has also affected foreign trade. Over the past six years, its volume has increased from $94.8 billion to $141.4 billion, and exports have grown from $61.1 billion to $81.6 billion. Moreover, the share of processed goods in export deliveries almost doubled, reaching $28.8 billion. This indicates a gradual departure from dependence on raw materials and the development of competitive industries
There is also an increase in exports of technologically complex products. If in 2018 the share of machinery, equipment, vehicles and devices was only 1.1%, then in 2024 this figure increased to 5.8%. At the same time, the share of raw materials in total exports decreased from 74.5% to 63.5%.
The growth of the country's investment attractiveness is confirmed by the improvement of the sovereign credit rating. In 2024, Kazakhstan received the highest rating in its history - Baa1 from Moody's with a "Stable" outlook. Similar positive assessments were given by S&P and Fitch, confirming the investment reliability of the country.
Thus, the policy of diversification of the economy, support of processing industries and attraction of investments allow Kazakhstan to strengthen its position in the international arena and increase economic stability.
Subscribe to our Telegram channel and be the first to know the news!