Qatar, Germany, and Belgium: Countries Set to Invest in Kazakhstan

At today's Investment Forum, Gabidulla Ospankulov, Chairman of the Committee for Investments of the Ministry of Foreign Affairs, highlighted the sectors of Kazakhstan's economy that are most attractive to foreign investors.

According to him, investors from the Arab countries are interested in Kazakhstan, like Qatar which plans to invest $18 billion in our country, The Caspian Post reports citing Kazinform.

In his words, Germany and China are actively working in Kazakhstan, while South Korea is building large car-assembly plants here. Among other investors are the U.S., Russia, Belgium and other European countries.

Extraction of minerals and rare earth metals is one of the most popular sectors for investment, he said.

“Another sector is logistics. Kazakhstan’s potential in this area is great. The Europe-China route can be named as unique. We are developing this corridor. Over 1 million tons of cargo have been transported along this corridor,” Ospankulov said.

He noted that one more sphere attracting foreign investors is the processing industry.

He reminded of the growth achieved in car-making industry as well, citing as an example the construction of a large KIA plant, Skoda plant in Kostanay, and agricultural machinery assembly plant in Petropavlovsk by CLAAS.

“A French company has already begun producing and exporting railway locomotives. Foreign investors are also interested in agriculture, namely in deep processing of grain,” said Ospankulov.

Earlier, it was reported that Kazakhstan ranks among world's top 50 for foreign direct investment inflows.