2018-02-09

'New wave' of foreign investment coming to Kazakhstan

Caravanserai

ASTANA -- More foreign investment is headed to Kazakhstan, said Prime Minister Bakytzhan Sagintayev Friday (February 9), as reported by Kazinform.

A "new wave of foreign investments is coming to the country," Sagintayev said, while briefing a government session chaired by President Nursultan Nazarbayev.

Kazakhstan is a leader in Central Asian in foreign investment, said Sagintayev. He pointed out that the expansion of the Tengiz oil field project with $37 billion (121 trillion KZT) of investment from Chevron is second to none in the world.

"Over the years of independence, some $300 billion [98 trillion KZT) of foreign direct investment has been attracted into the country," he said.

Do you like this article?

Ca mobile no 0

Comments

* Denotes Required Field
Captcha
Spotlight
2018-02-07 | Energy

Construction set to begin this year on CASA-1000 regional power line

The project's goal is to provide surplus hydro-electric power from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan during the summer months.

Poll

How effective are US efforts to help your country's economy?

View Results