Kazakh investors have significantly reduced their foreign investments. In 2024, direct investments from Kazakhstan totaled $1.9 billion — a 61.5% decrease compared to $4.8 billion in 2023, according to Finprom.kz.
In 2024, Kazakhstan’s main foreign investment destinations were:
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Cyprus – $518.9 million (13.5 times more than the previous year);
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Russia – $345.4 million (down 89.2%);
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UAE – $278.3 million (up 2.8 times);
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Uzbekistan – $132.1 million (up 44.6%);
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Netherlands – $102.9 million (down 71.9%).
In 2023, the top five destinations were: Russia ($3.2 billion), Germany ($366.4 million), the Netherlands ($366 million), Switzerland ($128.2 million), and the Cayman Islands ($117.3 million).
The largest portion of Kazakhstan’s foreign investments in 2024 went into the financial sector, with $953.5 million — 72.5% less than in the previous year. This was followed by investments in household activities ($394.4 million, +78%) and manufacturing ($132.3 million, –22.9%).
Positive growth was recorded in construction (2.3 times increase), trade (+12.3%), and education, healthcare, and leisure (+19.8%). However, the mining sector saw a net outflow of capital, with Kazakh investors withdrawing funds from the industry.
The highest level of outbound investment from Kazakhstan was recorded between 2010 and 2015, ranging from $6.9 billion to $10.5 billion annually.
CentralasianLIGHT.org
June 12, 2025