Investments in processing sector
According to Deputy Chairman of Kazakh Invest, Rustam Isatayev, investments into the processing sector of the country’s economy has doubled. In total, following the results of the seven-year long industrialization program, the total investment volume has increased four-fold and amounted to nearly US$25 billion. Local analysts highlighted the growing interest of the foreign business in the traditional mining sector. Kazakh Invest is assisting investors in the priority sectors.
RUSTAM ISATAYEV, DEPUTY CHAIRMAN, KAZAKH INVEST:
- Approximately 70% of all investments into Kazakhstan’s economy were made in the mining sector. Since 2006-2007, when an industrialization program was announced, investments in the processing sector have doubled. Earlier thr share of investments in mining made up only 7%, and now it makes up 15% of the total volume of foreign investments made in the processing sector.