Kazakhstan Chamber of Commerce in the USA

KazCham


Foreign direct investment reaches $108 billion in 2002-2009

Posted on May 20, 2010 by KazCham

(SRI) – Foreign direct investment (FDI) in Kazakhstan amounted to $108 billion in 2002-2009, Minister of Economic Development and Trade Zhanar Aitzhanova said.

Among the biggest investors were the Netherlands, the United States, the United Kingdom, France, Italy, Russia, China and South Korea.

According to Aitzhanova, the commodity sectors have absorbed the bulk of foreign direct investment. In 2009, only about ten percent were invested in the services sector from a total FDI inflow of $18.4 billion.

Aitzhanova noted that Kazakhstan has reduced its corporate income tax from 30 to 20 percent as of 2009 in an effort to increase the attractiveness of the country to investors. Kazakhstan plans to further reduce the tax to 15 percent in 2011.

SOURCE: http://silkroadintelligencer.com/2010/05/20/foreign-direct-investment-reaches-108-billion-in-2002-2009-minister/

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