U.S. invests $47 billion in economy of Kazakhstan | Eurasia Diary - ednews.net

13 November, Wednesday

U.S. invests $47 billion in economy of Kazakhstan

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Trade turnover between the U.S. and Kazakhstan amounted to $2.3 billion in 2018, the Foreign Ministry reported, AkiPress writes.

The share of direct American investments in the total basket of foreign investment reached 22% and amounted to US$5.3 billion. Since 1991, American business has invested about $47 billion into the economy of Kazakhstan.

According to the Statistics Committee of the Ministry of National Economy of Kazakhstan, about 160 representative offices of US companies and over 350 Kazakhstan-US joint ventures operate in Kazakhstan.

In recent years, American companies such as Primus Power, Spancrete, Uber, Starbucks, McDonalds and Netflix have entered into Kazakhstan market.

On May 15, 2019, the 3rd Annual Kazakhstan-US Business Forum “Competitive Kazakhstan" was held at the Kazakhstan's Foreign Ministry. Heads of the ministries of foreign affairs, agriculture, health, and others, as well as the heads of 28 major American companies, including Coca Cola, Gilead, HP, Microsoft, Valley Irrigation took part at the Forum.

American investors have implemented a number of projects in mining, engineering, manufacturing, etc., the report says.

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