Kazakhstan ranks among top 10 countries with high investment attractiveness

Kazakhstan entered the top 10 countries with high investment attractiveness, according to data released by analysts from the international agency fDi Intelligence. They evaluated macroeconomic indicators, the volume of attracted funds, and the directions of foreign direct investment. Kazakhstan claimed the sixth spot in the ranking, surpassing Azerbaijan, Morocco, Serbia, and India, with Cambodia leading the list. The analysis covered countries in Africa, the Middle East, Europe, and Asia. Notably, analysts predict that the Asian region, with six countries making it to the top 10, will be particularly appealing to major businesses. Kazakhstan has the potential to enhance its position further, given its ongoing efforts to refine investment policy, tax legislation, legal protection for entrepreneurs, and the stability of its credit rating, acknowledged by authoritative sources such as Fitch, Moody's, and Standard & Poor's. It is noteworthy that Kazakhstan leads in foreign direct investment in Central Asia, constituting 70 percent of foreign investments. In 2022, the volume of investments in the country surged by almost 20 percent, reaching $28 billion.

“Here, it is essential to highlight the traditional countries collaborating with Kazakhstan, including the U.S., China, European Union member states, and other traditional partners such as Turkey. Our cooperation with Egypt is evolving significantly, and there are several potential projects, including those in the agro-industrial complex and pharmaceuticals,” said Kazakh Invest Acting Chairman Zhandos Temirgali.

Overall, in 2023, there was a significant increase in investment activity, as highlighted by representatives from Kazakh Invest. Foreign businesses showed keen interest not only in the traditional extractive sector but also processing industries, agribusiness, petrochemicals, and logistics. An additional factor enhancing attractiveness to foreign investors is Kazakhstan’s geographical location, particularly its transportation routes linking Europe and Asia.