'New wave' of foreign investment coming to Kazakhstan


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.

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