News Column

Foreign direct investments in Kazakhstan’s manufacturing industry exceed $ 14 bln

June 13, 2014

Astana, Kazakhstan, June 13

By Daniyar Mukhtarov - Trend:

The gross inflow of foreign direct investments in manufacturing industry amounted to $14.1 billion in Kazakhstan as part of the first five years, Kazakh Deputy Prime Minister, Minister of Industry and New Technologies Asset Issekeshev said at the 27th meeting of the Foreign Investors Council on June 12.

"Gross inflow of foreign direct investments in the manufacturing industry totaled $ 14.1 billion during the years of implementing the state program of the formed industrial - innovative development," he said. "This is 70 percent of all foreign direct investments drawn in the manufacturing industry since 2005."

He stressed that the industrialization process launched in the country in 2010 gave an impetus for restructuring the national economy.

The active work started with domestic and foreign investors to build new facilities as part of the first five-year plan.

"Some 59 projects worth $5 billion were realized with foreign investors in the manufacturing industry," he said. "Some 86 projects are being implemented with foreign investors."

He recalled that one of the main objectives of the program was to create the necessary infrastructure to provide the industrial enterprises with energy.

edited by CN

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Source: Trend News Agency (Azerbaijan)

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