KAZAKHSTAN: FDI GREW BY 3% IN THE FIRST HALF OF 2010

Almaty, August 17: From January to June 2010, net FDI into the Kazakh economy made up $5.109 billion, announced Chairman of the National Bank Grigory Marchenko at a press-conference in Almaty yesterday. This is a 3% increase as compared to the same period in 2009 ($4.974 billion).

Mr. Marchenko noted that further investments into Kashagan and other O&G projects as well as joint projects with Russia and China significantly contributed to the growth of FDI.

“Given the investments to GDP ratio, Kazakhstan remains one of the most attractive countries for investors in the world”, he added.

According to the latest statistics by National Bank of Kazakhstan, from 1993 up to March 31, 2010, the Kazakh economy has attracted nearly $113 billion of FDI. The country is leading among the CIS countries in a sum of FDI per capita.