Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Saturday March 6 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Foreign direct investment grows in Kazakhstan’s industry

13 June 2014 16:23 (UTC+04:00)
1 312

By Aynur Jafarova

The growth inflow of foreign direct investment in Kazakhstan's manufacturing industry amounted to $14.1 billion in the first five-year plan.

The news was announced by Deputy Prime Minister and Minister of Industry and New Technologies Asset Isekeshev on June 12.

"The gross inflow of foreign direct investment in the manufacturing industry amounted to $14.1 billion during years of implementing the state program on industrial-innovative development. This includes 70 percent of all attracted foreign direct investment in the manufacturing industry since 2005," he noted.

Issekeshev also said the industrialization process launched in Kazakhstan back in 2010 gave impetus to restructuring the national economy.

Also, some active works have begun to establish new facilities with the support of domestic and foreign investors during the first five-year plan.

"Some 59 projects, only in the manufacturing industry, worth $5 billion were implemented with the participation of foreign investors. About 86 projects are at the stage of implementation with the participation of foreign investors," he added.

Experts believe Kazakhstan is in the list of countries with high level of inflow of foreign direct investment. This is proved by huge economic figures. In particular, the total volume of the foreign direct investment invested in the Kazakh economy amounted to $180 billion in 2013.

Netherlands, Germany, the U.S., the United Kingdom, France, Italy, Russia, China, Canada, Switzerland, and Japan were among the top investors in the country in 2013.

Kazakhstan's main trade partners were the European Union (41 percent), Russia (17.9 percent), China (17 percent), Switzerland (4.1 percent), and Ukraine (3.3 percent), leading to $132 billion in trade turnover in 2013.

The country also intends to attract large national companies and subsoil users to invest in geological exploration.

Earlier, Kazakhstan 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 of investors, providing a mechanism for the investment incentives provision through concluding investment contracts, as well as ensuring the state support for investors and implementing investment projects in important sectors.

  • #ASSET ISSEKESHEV
  • #KAZAKHSTAN

Related News

Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology

Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology

27 February 16:14
Kazakhstan, Azerbaijan reach agreement on drilling wells with Satti jack-up rig

Kazakhstan, Azerbaijan reach agreement on drilling wells with Satti jack-up rig

27 February 11:54
Uzbekistan, Kazakhstan preparing for demarcation of state borders

Uzbekistan, Kazakhstan preparing for demarcation of state borders

25 February 17:49
OPEC + agreement positively impacts Kazakhstan's oil-gas industry

OPEC + agreement positively impacts Kazakhstan's oil-gas industry

16 February 17:00
Kazakhstan unveils 11M2020 trade value with Turkey

Kazakhstan unveils 11M2020 trade value with Turkey

14 February 14:15
Kazakhstan’s daily COVID-19 cases down to 837

Kazakhstan’s daily COVID-19 cases down to 837

14 February 13:37
Romania committed to expanding partnership with Kazakhstan to reach full potential - MFA

Romania committed to expanding partnership with Kazakhstan to reach full potential - MFA

5 February 15:29
Export of tomatoes from Azerbaijan to Kazakhstan resumed

Export of tomatoes from Azerbaijan to Kazakhstan resumed

30 January 10:36
Trade, economic and investment cooperation between Kazakhstan and Ecuador expanding

Trade, economic and investment cooperation between Kazakhstan and Ecuador expanding

28 January 12:48
Ban on tomato imports from Azerbaijan to Kazakhstan under review - Azerbaijani FDA

Ban on tomato imports from Azerbaijan to Kazakhstan under review - Azerbaijani FDA

22 January 15:15
  • Latest
  • Popular
5 March 19:45 • Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase
5 March 19:27 • Sunny weather expected on Saturday
5 March 19:10 • Azerbaijani PM expresses condolences to Turkish VP over helicopter crash
5 March 18:52 • Azercell reveals the “Victory Year”s results
5 March 18:38 • MoD shares video from Aghdam's Taghybayli village [VIDEO]
5 March 18:29 • Azerbaijan holds auction for public property facilities
5 March 18:25 • Azerbaijan eyes to start employment promotion activities in liberated areas
5 March 18:14 • Economy Minister highlights country's progress in terms of economic freedom
5 March 17:41 • Heydar Aliyev Foundation contributes to protection of world and religious heritage in Vatican
5 March 17:27 • Azerbaijani State Security Service shares grief of death of Turkish servicemen
5 March 17:23 • U.S. Congressman commemorates victims of Khojaly genocide
5 March 17:11 • Armenia once again demonstrates that it is far from sound thinking - Azerbaijani Foreign Ministry
5 March 17:10 • Police seize Armenian munitions in liberated Shusha
5 March 16:54 • US experts visit war-torn areas of Azerbaijan's Tartar [PHOTO]
5 March 16:52 • Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party
5 March 16:39 • Azerbaijan hands over to Armenia remains of two servicemen
5 March 16:15 • More houses, apartments given to martyrs' families, disabled war veterans
5 March 15:59 • Azerbaijani oil prices on the rise
5 March 15:38 • Azerbaijan's Aghdam - now huge field of ruins, BBC report says [VIDEO]
5 March 15:10 • Azerbaijan, Qatar eye economic cooperation development
5 March 12:14 • Culture Minister meets with art figures in Istanbul [UPDATE]
5 March 12:33 • President Aliyev invites ECO members to join new transport corridor in S. Caucasus [UPDATE]
5 March 10:45 • Azerbaijan doing everything to create new transport infrastructure in South Caucasus – Russian analyst
5 March 11:24 • Demining of Azerbaijani lands complicated by Armenia’s refusal to provide maps of minefields - Expert
5 March 11:40 • Azerbaijan Railways boost volume of transit freight traffic in 2020
5 March 11:00 • Azerbaijan extends condolences to Turkey over deadly helicopter crash
5 March 12:40 • Azerbaijan, Argentina mull export, investment cooperation
5 March 12:18 • Azerbaijan, Turkey exchange views on cultural ties [PHOTO]
5 March 10:00 • Azerbaijani-Iranian talks underway to open joint customs checkpoint
5 March 18:52 • Azercell reveals the “Victory Year”s results
5 March 15:10 • Azerbaijan, Qatar eye economic cooperation development
5 March 11:59 • National futsal team gains another victory [PHOTO]
5 March 16:52 • Mehriban Aliyeva appointed as first deputy chairperson of ruling New Azerbaijan Party
5 March 14:30 • Azerbaijan names amount of compensations paid to closed banks' depositors
5 March 11:12 • Long-awaited end to Karabakh conflict creates new opportunities - Former US ambassador to Azerbaijan
5 March 13:15 • Azerbaijan celebrates Day of Physical Culture and Sports [PHOTO]
5 March 13:45 • New plant to be commissioned in Baku
5 March 12:50 • Ruling New Azerbaijan Party holds extraordinary congress [PHOTO]
5 March 10:15 • Azerbaijan shows footage from Zangilan`s Kechikli village [VIDEO]
5 March 17:23 • U.S. Congressman commemorates victims of Khojaly genocide
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved