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Kazakhstan attracted $130 billion of foreign investments since independence

26 мая 2011, 17:49
RIA Novosti ©
RIA Novosti ©
Since gaining independence Kazakhstan has attracted $130 billion of investments. This was announced today in Almaty by First Vice Minister of Industry and Trade Albert Rau at the round-table discussion focused on foreign investments, Profinance.kz reports.

“Within the Program of Accelerated Innovative Industrial Development (PAIID), over 150 new industrial enterprises have been launched. Over 200 enterprises will be put in operation before the year end. Relying on its location, Kazakhstan has advantages over other Central Asian nations in terms of logistics”, he said.

According to him, out of $130 billion investments, 10% has been injected to the Kazakhstan’s processing industries. For 2010 alone, the share of foreign direct investments into the processing industry stood at over 12%, reaching $2.5 billion. “Thus, investments into non-extraction sectors have been steadily growing”, he said.

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