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Foreign direct investment inflow in Kazakhstan hits record high in 2022

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The gross foreign direct investment (FDI) inflow in Kazakhstan reached $28 billion in 2022, a record-high in the past ten years, reported the Kazakh Foreign Ministry.

FDI inflow went up by 17.7% since 2021 when it reached $23.8bn. In 2012, this figure stood at $28.9bn.

The top investing countries in Kazakhstan are the Netherlands with $8.3bn, the United States – $5.1bn, Switzerland – $2.8bn, Belgium – $1.6bn, Russia and South Korea with $1.5bn each, and China – $1.4bn.

The largest inflows were directed in such sectors as mining – $12.1 billion (a 25 percent increase), manufacturing – $5.6 billion (2.7 percent), wholesale and retail trade – $5.1 billion (36 percent), professional, scientific, and technical activities – $1.2 billion (2.2 times), transport and warehousing – $1.2 billion (13.5 percent).

The Atyrau Region received most of the investment – $8.3 billion (a 48.3 percent increase), followed by Almaty city with $7.6 billion (10.9 percent), Astana – $2.2 billion (107.2 percent), the East Kazakhstan Region – $2.2 billion (3.1 percent), and the Aktobe Region – $1.2 billion (11.2 percent down).

Kazakhstan seeks to attract at least $150 billion of foreign investment over the next seven years.

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