The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has released its 2024 report on investments in the region. According to the report, Kazakhstan attracted $15.7 billion in new projects, securing its position as the leading destination for investments in the North and Central Asia region, DKnews.kz reports.
In 2024, Kazakhstan saw an 88% increase in investment compared to 2023, accounting for 63% of all investments in the region.
The rankings are as follows:
- Uzbekistan – $4 billion (-49%)
- Kyrgyzstan – $2.1 billion (+310%)
- Azerbaijan – $1.2 billion (+1%)
- Turkmenistan – $339 million
- Georgia – $126 million
- Armenia – $67 million
The report highlights that the region's investment climate reflects a robust trend of international companies diversifying their strategies and supporting projects in key areas such as green energy, digitalization, and technological innovation.
"In this context, proactive efforts by investment agencies and relevant ministries are particularly crucial. Success in emerging sectors depends not only on fostering favorable policies but also on providing comprehensive investor support throughout all stages, including post-investment care" ESCAP
Despite global challenges, Kazakhstan continues to attract major foreign investors, positioning itself as a platform for sustainable growth and new opportunities. This year, the country hosted significant investment events, including the Foreign Investors' Council and the Kazakhstan Global Investment Roundtable 2024, further solidifying its status as a key investment hub in the region.
