FDIs in Kazakhstan reach record high in last decade

BAKU, Azerbaijan, June 4. Kazakhstan
attracted a file circulation of $28 billion in overseas direct funding
(FDI) final 12 months, marking the very best stage within the final decade,
Almas Aidarov, Deputy Overseas Minister of Kazakhstan stated on the
Funding Board assembly, Development stories.

In response to him, the FDI influx facilitated the
implementation of 199 funding initiatives throughout crucial sectors
value 2.3 trillion Kazakh tenge ($5.1 billion). Wanting forward, the
authorities plans to launch an extra 281 initiatives in 2023, with
an estimated worth of 1.9 trillion Kazakh tenge ($4.2 billion).

Moreover, it was famous in the course of the assembly that the
record of high ten investing nations within the earlier 12 months comprised
the Netherlands, the US, Switzerland, Belgium, Russia, South Korea,
China, France, the UK, and Germany

In response to Prime Minister Alikhan Smailov,
Kazakhstan goals to draw $150 billion in FDI by 2029. In line
with this imaginative and prescient, the federal government has set a aim to safe a minimal
of $24 billion in overseas capital this 12 months alone. Smailov referred to as
upon ministers and regional leaders to take proactive measures in
implementing new and high-quality funding initiatives, significantly
in precedence sectors of the economic system.