Kazakhstan attracted most investment, Uzbekistan saw decline

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In 2024, the volume of investments attracted to Central Asian countries changed, with significant differences noted between the nations in the region, reports Platforma.uz.

Last year, Kazakhstan attracted $15.7 billion, an 88% increase compared to 2023. Kazakhstan accounted for 63% of the total investment volume in Central Asia.

Meanwhile, Uzbekistan experienced a 49% decrease in investment volume, totaling $4 billion.

The highest growth in investment volume was recorded in Kyrgyzstan, where investments grew by 310% to $2.1 billion.

Among other countries in the Central Asia and Caucasus region:

  • Azerbaijan attracted $1.2 billion, a 1% increase from the previous year.
  • Turkmenistan received $339 million.
  • Georgia: $126 million.
  • Armenia: $67 million.

These changes reflect varying levels of investment attractiveness among the countries in the region, the report states.

Additionally, it is noted that Uzbekistan occasionally experiences cases of overestimating investment statistics or providing inaccurate data, which could affect the perception of the actual situation.

CentralasianLIGHT.org
January 21, 2025