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Kyrgyzstan leads in attracting of mutual investments in Central Asia

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Kyrgyzstan leads in attracting of mutual investments in Central Asia

The main recipient of mutual investments in Central Asia is Kyrgyzstan, with a share of 63% in the reporting period. It is followed by Uzbekistan (24%) and Kazakhstan (11%).

Bishkek

Kyrgyzstan has become the leader in the volume of attracted mutual investments among all Central Asian countries. This is evidenced by the data from the Monitoring of Mutual Investments of the Eurasian Development Bank for the first half of 2023, Economst.kg reports.

The total volume of mutual direct investments in Central Asia for the first half of 2023 amounted to $1.1 billion. This amount is 1.8 times higher than the level in 2016. The main directions of mutual capital investments in the region are raw materials industries (31.7%), manufacturing (25%), and financial services (21.9%).

The main recipient of mutual investments in Central Asia is Kyrgyzstan, with a share of 63% in the reporting period. It is followed by Uzbekistan (24%) and Kazakhstan (11%).

The main domestic investors in the region are Kazakhstan (with a share of about 87%) and Uzbekistan (13%). The largest projects in the region are implemented by Kazakh companies Kaz Minerals, United Cement Group, and “Narodny Bank,” as well as Uzbek companies Artel and Alliance Textile.

However, if we expand the geographical scope to include former Soviet republics, Kyrgyzstan will be at the bottom of the list. The leader in attracting mutual investments among the 12 states is Kazakhstan, with Russia being the largest investor.

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Courtesy: Central Asian Light (Posted on January 6, 2024)

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