Experts identify most investment-worthy sectors of Kazakhstan’s economy
Real estate is the most popular market for investors. More than half of all their investments in Kazakhstan are in this segment. Experts associate this interest with the rapidly growing pace of life and the country’s population as a whole. Transport and logistics is a key area of steadily growing interest of foreign investors. And there is a reason for that. The international transit corridor ‘Western Europe - Western China’ passes through the country. In addition, the Kazakh capital of Nur-Sultan alone is connected to other countries in 37 directions. All of this carries an impact on investors’ interest in the country.
“Logistics is the key point. The trade that flows between Europe and China can easily pass through Kazakhstan, including Nur-Sultan. And that’s why there is also a good interest here. And given that the city is growing and the market is growing too, there is interest in building transport and logistics centers. We are currently implementing pretty good projects in the food industry, as well as on household appliances and building materials. So that’s why this direction is also very attractive,” said Yerzhan Baltayev, Chairperson of the Astana Invest.
The third area of interest for investors is trade. Experts call it the engine and progress of the economy for a reason, after all there can be no business development without trade. Over the past seven years, only in the capital this segment alone has attracted about US$1.6 billion in foreign direct investment.
“There is also foreign direct investment, which flows into our city. As for it, trade is in the first place. The trade turnover in Nur-Sultan amounts to about US$10 billion. And what is interesting is that we export more than we import. There are a number of factors, such as the fact that the head offices of some foreign or oil and gas companies are located in the city of Nur-Sultan, that are also taken into account,” Baltayev added.
Manufacturing industry, education and medicine are also attractive for investors. In total, over the last 10 years, the annual inflow of investments in the country has amounted to about US$24 billion. Most foreign direct investment comes from countries such as the Netherlands, Switzerland, Belgium, France, Turkey, Germany and others.
Translation by Assem Zhanmukhanova
Editing by Galiya Khassenkhanova