Kazakhstan Buck Trend, Emerges as Asia-Pacific's Top Investment Hub
Investment trends in the Asia-Pacific regions reveal a mixed picture. While overall FDI declined, Kazakhstan emerged as a robust investment hub, attracting a significant share of the regions' investments. Fidelity investments in the Asia-Pacific regions stood at $292 billion, a $14 billion decrease from the same period in the previous year. This decline was partly due to a 58% drop in outward investment from North and Central Asia, which reached $2.3 billion. Despite this, Kazakhstan accounted for a substantial 63% of all investments in the regions in 2023. Qatar Airways' UCC Holding invested $11 billion in Kazakhstan, establishing two gas processing plants, a compressor station, and two additional trunk gas pipelines. This investment was part of agreements signed during President Kassym-Jomart Tokayev's visit to Qatar. QazaqGas also signed agreements with Qatar during this visit, indicating growing cooperation between the two countries. Kazakhstan attracted $15.7 billion in new projects in 2023, marking an 88% year-on-year increase. This robust performance was not an isolated case; other countries in North and Central Asia, such as Uzbekistan, the Kyrgyz Republic, Azerbaijan, Turkmenistan, Georgia, and Armenia, also showed strong investment trends. While specific details about companies establishing themselves in Kazakhstan in early 2024 are not available, Kaspi.kz, a Kazakhstan-based company, reported strong performance in the fourth quarter of 2024. This suggests successful operations within the country during that year. Despite a regional decline in FDI, Kazakhstan's investment landscape remains robust. With a significant share of the regions' investments and strong performance across various sectors, the country continues to attract substantial foreign direct investment. The growing cooperation with Qatar, as seen in the $11 billion investment, further underscores Kazakhstan's appeal as an investment destination.
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