Economy • 11 February, 2020

Foreigners invested $570 million in Kazakh enterprises

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10 projects worth $570 million with foreign investments were launched in 2019 in Kazakhstan. Investors from Luxembourg, Russia, Italy, Germany, Singapore and China have invested in the new facilities, Kazakh Invest says.

Among the launched projects, six were implemented in the field of renewable energy sources. $358 million was invested in their construction.

Six solar power plants with a total capacity of 288 MW is operating in Almaty, East Kazakhstan, Turkestan, Karaganda and Aktobe regions, Kazakh Invest said.

There are other projects launched in different regions of the country.

Production of tractors was launched in Kostanay region, Turkestan produces noodles, ferroalloys produced in Karaganda (32 billion tenge). 

In general, more than 1.5 thousand people were provided with jobs due to the opening of these enterprises in the country.

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