Kazakhstan has emerged as a top investment destination in North and Central Asia, attracting $15.7 billion in new projects, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) latest report released on Dec. 25. The figure represents a 88% year-on-year increase, accounting for 63% of all investments in the region.
Kazakhstan as a leader in the subregion
Investment inflows into North and Central Asia grew by 27% to $24.8 billion in 2023.
“The growth in Kazakhstan now sees it attracting 63% of the region’s total FDI in thus far 2024, led by investments totaling $11 billion from Qatar’s UCC Holding to establish two gas processing plants, a new compressor station, and two additional trunk gas pipelines throughout the country,” reads the report.