Kazakhstan attracts $200B investment in past 10 years
By Aynur Karimova
The total volume of investments made in Kazakhstan in the period of 2005-2015, has reached $200 billion, country's Economic Integration Minister Zhanar Aytzhanova said.
Speaking at a round table in the Foreign Ministry, she said that over the last year the trade turnover between Kazakhstan and other countries amounted to $150 million.
“28 EU countries are major trade partners of Kazakhstan, and
over 40 percent of our trade was made with the EU countries," she
noted. "As a result, Kazakhstan is among top 20 countries for
attracting investments in economy. The major part of the
investments comes from the companies of the Netherlands, U.S.,
Switzerland, China, Britain, France, Italy, Russia and Canada. This
statistics of investment shows that Kazakhstan's economy has become
an important part of the global economy," Aytzhanova added.
She also added that hydrocarbon and other raw materials comprise
about 70 percent of export of the country to the global market.
Kazakhstan is set to continue attracting foreign investments in various sectors of the economy. To realize this goal, the country has developed a draft law on the improvement of investment climate in the country. It plans to offer benefits to foreigners investing at least $20 million in new projects in the country.
The law is also aimed at stimulating further activities, providing a mechanism for investment incentives provision through the conclusion of investment contracts, as well as ensuring the state support to investors and implement investment projects in important sectors.
Analyzes prove that Kazakhstan is in the list of countries with a high level of inflow of foreign direct investments. This is shown by huge economic figures - the total volume of the foreign direct investments invested in the Kazakh economy amounted to $180 billion in 2013.
Kazakhstan is interested not only in foreign investments, but also in domestic funds. The country plans to allocate over 164 billion tenges to financing national geological projects in 2015-2019.
--
Aynur Karimova is AzerNews’ staff journalist, follow her on Twitter: @Aynur_Karimova
Follow us on Twitter @AzerNewsAz