Germany Increases Investment and Trade in Kazakhstan

In a report on the implementation of Kazakh-German projects at a meeting of the Investment Promotion Council on 24 April, Kazakh Invest stated that investment from Germany in Kazakhstan reached an all-time high of $770 million in 2023.

To date, the pool of German initiatives planned for Kazakhstan includes 63 projects with a value of around $54.4 billion and the potential to create 14.7 thousand jobs. The 32 projects already in operation, have created some 6,000 permanent posts.

Bilateral trade turnover between Kazakhstan and Germany is also very positive , having leapt by 24.7% in 2022 and 41.3% in 2023.

Kazakhstan, as its key partner in Central Asia, currently ranks as one of Germany’s top 50 trading partners.


Times of Central Asia