The main domestic investor in Central Asia is Kazakhstan, according to the analytical report of the Eurasian Development Bank "Central Asia: a new look." According to the bank's analysts, over the past 15 years it has invested more than $1 billion in Kyrgyzstan. The volume of accumulated Kazakh investments in Tajikistan approached $500 million in 2021, which is 20 times higher than the level of 2013, Ritmeurasia reports.
Kazakhstan aims to implement major infrastructure projects jointly with the countries of the region and develop industrial cooperation. Kazakh-Uzbek cooperation in the field of industrial cooperation has a high dynamics.
Particular importance is attached to cooperation in the automotive industry. In addition, cooperation is underway in the financial sector, light industry and other sectors of the economy, the report says.
In 2021, the construction of the international Central Asia Center for trade and economic cooperation between Kazakhstan and Uzbekistan has begun. The Central Asia Center will become a major industrial, trade and logistics platform for the implementation of joint investment projects between Kazakhstan and Uzbekistan and allows the development of industrial cooperation between the two countries and will be integrated with key transport corridors, EDB analysts write.
Kazakhstan plans to create and modernize the same centers on the borders with Russia, China, Kyrgyzstan and adopt a unified strategy for the development of cross-border hubs.
CentralasianLIGHT.org
Nov. 21, 2021