Kazakhstan continues to
lead Central Asia in attracting investment. According to ESCAP, the country
attracted $19 billion in greenfield projects last year, accounting for nearly
90% of all intraregional investment in new production facilities. The Government
says total foreign direct investment (FDI) inflows increased by more than 14%
to $20.5 billion. The largest share of investment went to trade, manufacturing,
and the mining sector. The Netherlands, Russia, China, the United Arab
Emirates, and Singapore were Kazakhstan’s largest investors. Their capital has
been directed toward major industrial, infrastructure, and high-tech projects.
The Government attributes these results to systemic reforms, the work of the
Investment Headquarters, which provides operational support for projects, and
the investment agreement mechanism. These agreements guarantee legislative
stability for up to 25 years for projects worth over $60 million. To date, 62
such agreements have been signed.
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