How is Kazakhstan attracting manufacturing investment?

The country aims to build on last year’s record investment in sectors including manufacturing and next-generation metallurgy. Kazakhstan attracted around €16.5 billion in greenfield investment, accounting for nearly 90% of all such investment in North and Central Asia, according to the UN Economic and Social Commission for Asia and the Pacific (ESCAP).

Strong investment and industrial growth suggest the strategy is gaining traction.

In the first five months of the year, Kazakhstan’s non-oil economy grew by over 5%.

For a second consecutive year, manufacturing narrowly overtook mining, accounting for 46.5% of industrial output in the first five months of the year, according to the Ministry of Industry and Construction.

Industrial output reached €52 billion in the first five months of the year, up 2.5% from a year earlier.