Kyrgyzstan Attracts Record Investment from Kazakhstan

Foreign direct investment (FDI) from Kazakhstan into Kyrgyzstan reached a historic high in 2024, amounting to $113.5 million out of more than $1 billion in total FDI, according to the National Investment Agency of Kyrgyzstan.

This represents more than a threefold increase from the $33.6 million invested in 2020 and reflects rising confidence among Kazakhstani businesses in Kyrgyzstan’s investment climate, alongside strengthening bilateral economic ties, The Caspian Post reports citing foreign media.

Kazakh investments primarily flowed into Kyrgyzstan’s industrial and raw material processing sectors, as well as transport and logistics, agriculture, trade, and services. These investments have contributed to modernizing production facilities, creating new jobs, transferring technology, and boosting Kyrgyzstan’s export potential.

In the first quarter of 2025 alone, Kazakhstan remained one of Kyrgyzstan’s top investors, contributing nearly $50 million between January and March.

Kazakhstan also consistently ranks among Kyrgyzstan’s top three trading partners. Bilateral trade between the two countries reached $1.7 billion in 2024.

During an August 2 meeting in Cholpon-Ata, Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu and his Kyrgyz counterpart Zheenbek Kulubaev agreed to deepen economic cooperation and raise annual bilateral trade to $3 billion.

The ministers also highlighted the planned launch of a flagship joint project: an Industrial Trade and Logistics Complex near the Kazakh-Kyrgyz border, set to open in 2026. Located near the Karasu and Ak-Tilek checkpoints, the facility is expected to become one of Central Asia’s largest cargo distribution hubs, handling the consolidation, processing, and transit of goods.