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    Share of investments in Kazakhstan’s processing industry increases

    kitsiosgeo by kitsiosgeo
    August 3, 2023
    in Europe
    0
    Share of investments in Kazakhstan’s processing industry increases

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    BAKU, Azerbaijan, August 3.
    The share of the processing industry in the overall structure of
    foreign direct investment inflows in Kazakhstan is increasing,
    Deputy Minister of Foreign Affairs of Kazakhstan, Almas Aidarov,
    said Trend
    reports.

    During the press conference, Aidarov mentioned that the share of
    the processing industry in investment inflows reached around 20
    percent in 2022. Additionally, he highlighted that the wholesale
    and retail trade sectors attracted approximately $5 billion in
    investments, while the transport and warehousing sectors secured
    around $1 billion.

    Furthermore, he noted that the mining and metallurgical sectors,
    which dominated the investment landscape with around 70-75 percent
    in previous years, accounted for approximately 50 percent of the
    total in 2022.

    Aidarov also revealed that the top countries contributing to the
    gross inflow of foreign direct investments in Kazakhstan in 2022
    included the Netherlands, the United States, Switzerland, Belgium,
    Russia, South Korea, China, France, the United Kingdom, and
    Germany.

    Earlier, the deputy minister mentioned that Kazakhstan observed
    a record-high volume of $28 billion in foreign direct investments
    (FDI) in 2022, making it a leading investment destination in the
    Central Asian region.

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    Tags: IncreasesindustryInvestmentsKazakhstansprocessingshare
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