Gross inflows of foreign direct investment grew in Kazakhstan in the first half of 2016, Kazakh Investment and Development Ministry reported.
Direct investment hit $9.3 billion in this period, up by 25.8% YoY, Investment and Development Minister Zhenis Kasymbek said at the government meeting.
According to the minister, as much as 60% of these investments fell on mining and exploration sphere, 15% – on the manufacturing sector, 9% on trade, 5% on the construction, 12% – on other spheres.
In H1 foreign investment in the manufacturing sector remained at the last year’s level, Kasymbek said. Meanwhile, investment in the steel industry (which accounts for 88% of all investments in the manufacturing sector) grew by 26.5%.
Investments in the chemical industry grew 8.4 times, in the pharmaceutical industry – 4.2 times. (Trend/Business World Magazine)