EU countries invested in Kazakhstan’s economy $ 95bn over last 10 yrs

Nov 06. Kazpravda

By Ainur Kuramysova

More than 50,000 foreign companies are working in Kazakhstan.

EU countries invested in Kazakhstan's economy $ 95bn over last 10 yrsThe amount of foreign direct investment in the processing industry of Kazakhstan made $ 95 billion in the last 10 years, reports, referring to the Kaznex Invest deputy chair Asel Ergazieva.

“In the processing industry in Kazakhstan about 130 investment projects have been implemented worth $ 21 billion. Another 70 projects the sum of $ 36 billion are slated. From 2005 to the first half of 2014, the EU made investments worth 95 billion dollars, US and China – $19 billion and 11.8 billion respectively. In Kazakhstan, more than 50 000 large companies are represented: making helicopters, locomotives, in nuclear industry, food industry, construction of petrochemical complex, auto engineering, “- she told a briefing in the CCS.

According to Kaisar Zhumabayuly- the press secretary of the Investment and Development Minister- over the past 4.5 years the structure of direct investment in Kazakhstan has changed, compared to previous years.

“The proportion of investment in insurance and financial spheres decreased 22%, whereas in manufacturing it increased by almost 153%. We have attracted $15.4 billion against $ 6 billion, which was before the launch of the industrialization program,” – he said.