Despite the low oil prices, the lion’s share in the foreign investments made in Kazakh economy accounts for the oil and gas production and geological exploration, read a message from the National Bank of Kazakhstan.
Direct foreign investments in the oil and gas production in Kazakhstan stood at $958.4 million in January-March 2016, while the investments in geological exploration and survey totaled $1.51 billion. During the period, the foreign investments in the metal ore production in the country stood at $137.5 million.
The foreign investments made in Kazakhstan’s processing industry totaled $509 million in the first quarter of 2016, while $522 million was invested in the metallurgical industry and manufacturing of fabricated metal products, except for machinery and equipment.
The foreign investments in Kazakhstan’s construction sector stood at $97.1 million in the first quarter of 2016. The foreign investments in transportation and warehousing in the country totaled $198.9 million.
This is while, $200 million of foreign investments accounted for transportation via pipelines and $416.4 million was invested in communication. Foreign investments in the financial and insurance activities stood at $69.5 million in the first quarter of 2016.
In total, around $4.28 billion was invested in Kazakhstan’s economy in the first quarter of 2016, as compared to $4.37 billion in the same period of 2015.