Foreign direct investment inflow to Kazakhstan in 2012 reached record $ 22.5 bln

ALMATY. June 26. KAZINFORM — In Kazakhstan there is stable positive dynamics of gross inflows of foreign direct investment (FDI) despite negative trend of world flows. This has been announced today by representatives of «KAZNEX INVEST» JSC in Almaty at a press conference on the company's results for the first half of this year.

As the participants noted during the global financial crisis there had been a drop in FDI inflows and current level of global investment did not reach pre-crisis levels. Thus, in 2012 FDI inflows reached a record high of USD 22.5 billion - which is14% higher than pre-crisis level and 7% or USD 1.4 billion in 2011. It bears to remind that from 1993 to 2012 total volume of FDI amounted to USD 171.2 billion, USD 81.6 billion of which were attracted from the period of 2009-2012.

According to experts FDI dynamics of growth is not the main indicator as the main goal is changing its structure while manufacturing sector appears more attractive for investors than mining. And today we can say that realization of forced industrialization policy is paying off. Over the past four years FDI structure has changed.

For example, within the implementation period of State Program of Forced Industrial-Innovative Development (since 2009) in comparison with the previous years (1993-2008 years), FDI share in crude oil and natural gas production has decreased by 18%, in financial and insurance activities by 2%.