• KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01151 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
23 April 2025

Viewing results 1 - 6 of 1028

Uzbekistan Attracts Over $8.7 Billion in Foreign Investment in First Quarter of 2025

Uzbekistan attracted more than $8.7 billion in foreign investment during the first quarter of 2025, marking a nearly 20% increase compared to the same period last year, according to President Shavkat Mirziyoyev's press service. The investment influx is being channeled into strategic sectors such as energy, metallurgy, chemicals, pharmaceuticals, transport, agriculture, water management, and public services. The government is placing particular emphasis on generating added value and creating new employment opportunities. By the end of the first half of the year, total foreign investment is projected to exceed $18 billion. For all of 2025, Uzbekistan aims to attract $42 billion in foreign investment and carry out 81 large-scale projects along with more than 8,000 small and medium-sized initiatives. In support of these goals, Mirziyoyev recently signed a decree aimed at bolstering production, exports, and entrepreneurship. Starting June 1, 2025, foreign nationals and stateless persons will be eligible to obtain a five-year residence permit by paying $200,000. An additional fee of $100,000 will apply for each accompanying family member, including spouses, children, and parents.

$85 Million Breeding Farm Project to Boost Kazakhstan’s Poultry Industry

Jordan’s Alhusaini Group has announced plans to invest $85 million in the construction of a state-of-the-art breeding poultry farm in Kazakhstan. With a projected production capacity of up to 100 million hatching eggs per year, the facility will significantly enhance the country’s poultry sector. Construction is scheduled to begin in 2025 and will be completed in stages through 2029. The project was discussed during an April 16 meeting between Kazakhstan’s Minister of Agriculture, Aidarbek Saparov, and representatives of Alhusaini Group, according to a government statement. A Strategic Boost for Agro-Industry The new facility is expected to play a key role in strengthening Kazakhstan’s food security and export potential. Approximately 70% of the farm’s production will be allocated for the domestic market, with the remaining 30% designated for export. Minister Saparov highlighted the strategic importance of the project for Kazakhstan’s agro-industrial development and reaffirmed the government’s commitment to supporting its successful implementation. Alhusaini Group, known for its ownership of Al Jazeera Agricultural Company and Al Sidra — both major players in poultry production — will partner with Kazakhstan’s Aitas KZ holding company to bring the project to fruition. Kazakhstan's Poultry Powerhouse Aitas KZ is one of Kazakhstan’s leading poultry producers, supplying around 43% of the domestic market. Its assets include Makinskaya Poultry Farm, the largest in Central Asia, and the Ust-Kamenogorsk Poultry Farm, the oldest in the country, with a combined capacity of 150,000 tons per year. Aitas KZ also operates the Almaty-based Nauryz Agro Breeding Poultry Farm, the largest in the Commonwealth of Independent States (CIS), which produces up to 80 million hatching eggs annually for broiler chickens. This new investment is poised to elevate Kazakhstan’s standing in the regional poultry market and promote technological advancement in its agricultural sector.

German Company to Mine and Process Lithium in East Kazakhstan

Two new industrial facilities dedicated to the mining and processing of lithium are set to be established in the Ulan district of East Kazakhstan Region by 2029. The announcement was made by Nurymbet Saktaganov, akim of East Kazakhstan Region, who noted that plans are underway for the construction of a mining and processing plant, as well as a pegmatite ore processing facility. $500 Million Investment from Germany The project will be implemented with the participation of HMS Bergbau AG, a German mining company that plans to invest $500 million into the development of a lithium deposit discovered in 2023. The initiative will include both the extraction of raw materials and the production of lithium oxide concentrate, a product in high demand across the global high-tech sector. Germany’s interest in Kazakhstan’s rare earth resources was discussed during a September 2023 meeting between President Kassym-Jomart Tokayev and Dennis Schwindt, Chairman of the Board of HMS Bergbau AG. Tokayev reaffirmed Kazakhstan’s openness to foreign investment and emphasized the country’s intention to become a key player in the supply of strategic raw materials. He highlighted lithium’s growing importance in modern industry, particularly for renewable energy and high-tech manufacturing. Operating in the USA, Singapore, South Africa, Poland, and several other markets, HMS Bergbau AG is considered a major independent force in the global solid minerals sector. Its new facility in East Kazakhstan will serve as a vital link in the international lithium supply chain, amid rising global demand driven by electric vehicles, portable electronics, and energy storage systems. $15.7 Billion Discovery by South Korean Researchers In a parallel development, researchers from the Korea Institute of Geosciences and Mineral Resources (KIGAM) announced in 2024 the discovery of a lithium deposit in East Kazakhstan valued at approximately $15.7 billion. Spanning 1.6 square kilometers, the site was previously mined for tantalum. The research, commissioned by the Kazakh government, was based on geological data indicating frequent co-location of lithium, cesium, and tantalum deposits. “KIGAM has been studying the area since last May at the request of the Kazakh government, given that tantalum usually comes with lithium and cesium,” The Korea Times reported. Lithium: A Cornerstone of the New Economy Globally recognized as one of the most critical and scarce elements, lithium is essential for producing lithium-ion batteries that power everything from smartphones and laptops to electric cars and grid-scale energy storage systems. Kazakhstan’s efforts to harness its lithium reserves in East Kazakhstan are expected to boost the country's role in the global energy transition and significantly enhance investment opportunities in the region.

Kazakhstan Launches $20 Million Olive Cultivation and Oil Production Project

A major agricultural initiative valued at $20 million is underway in Kazakhstan, where the country’s first olive plantations have been established. By 2025, the total cultivated area is expected to reach 100 hectares. Laying the Groundwork for Investment Kazakhstan’s Minister of Agriculture, Aidarbek Saparov, recently met with George Svanidze, President of Global Olive Corporation, to discuss the ongoing implementation of the olive cultivation and olive oil production project. Launched in 2023, the project is a joint effort involving Kazakh companies QVM Technology, Ordabasy Group, and Ervira, in partnership with Georgia’s Olive Georgia. Initial pilot plantations were established in the Zhetysu, Turkestan, and Mangistau regions, where over 6,000 olive seedlings were planted, an effort that achieved a remarkable 99.7% survival rate. From Pilot Plantings to Industrial Production In spring 2024, the project expanded with new seedlings imported from Spain and Turkey. By the end of 2025, the cultivated area is expected to reach 100 hectares, with the first harvest anticipated within five years. Saparov emphasized the strategic value of the initiative, which aligns with Kazakhstan’s broader efforts to expand its food processing industry: “Our goal is to increase the share of processed agricultural products to 70%. The development of the olive industry is strategically important for the agro-industrial complex. We are committed to providing comprehensive support for this project,” Saparov said. Target: One Million Trees and Domestic Oil Production George Svanidze outlined ambitious plans to establish a sustainable olive industry in Kazakhstan, including planting up to one million olive trees, constructing a modern olive oil production facility, and setting up a nursery for seedling propagation. “We are ready to bring in international experts, train Kazakhstani agronomists, and share advanced technologies,” said Svanidze. According to preliminary estimates, annual yields could reach 150,000 tons of olives, enabling the production of up to 30,000 tons of olive oil. Kazakh partner QVM Technology confirmed the Ministry of Agriculture’s active support for the project. The meeting concluded with the signing of a Memorandum of Understanding and the preparation of a Road Map outlining the key implementation stages. Exotic Crops on Kazakh Soil Kazakhstan has previously experimented with cultivating non-native crops. In Turkestan region, bananas are grown successfully on a five-hectare plantation, yielding around 1,000 tons. Local authorities are also supporting efforts to expand tropical fruit cultivation, including mangoes and avocados, on a planned 90-hectare site. These initiatives reflect Kazakhstan’s commitment to modernizing its agricultural sector, diversifying crop production, and enhancing both food security and export potential.

Polpharma Group to Boost Pharmaceutical Production and Exports in Kazakhstan

Kazakhstan’s national investment promotion agency, Kazakh Invest, has signed a Memorandum of Cooperation with Polpharma Group, a leading pharmaceutical manufacturer in Central and Eastern Europe, the Caucasus, and Central Asia. The agreement marks the launch of a €55 million investment project in Kazakhstan by SANTO, a member of the Polpharma Group. The memorandum was signed by Azamat Kozhanov, Deputy Chairman of Kazakh Invest’s Management Board, and Markus Sieger, CEO of Polpharma Group. Over the next decade, the project is expected to create approximately 300 jobs and significantly increase domestic pharmaceutical production, particularly for medications targeting socially significant diseases such as cancer, diabetes, and cardiovascular conditions. The initiative includes the introduction of new manufacturing lines, expanded R&D investment, and the development of training programs in line with international standards. This strategic partnership supports Kazakhstan’s national goal of increasing local pharmaceutical production to 50% of domestic demand. It also aims to position the country as a regional hub for pharmaceutical manufacturing and exports. “We are aware that President Kassym-Jomart Tokayev has set a clear objective to boost local pharmaceutical output to 50%, and we fully support this vision,” said Markus Sieger. “The COVID-19 pandemic revealed the vital importance of resilient, domestic supply chains. Our goal is not only to strengthen production in Kazakhstan but to transform the country into an export hub for large regional markets.” SANTO currently holds six Good Manufacturing Practice (GMP) certificates and has successfully passed inspections by the European Union. The company is now anticipating certification under EU GMP standards, which would provide access to EU markets for both the company and Kazakhstan’s broader pharmaceutical sector. Polpharma Group continues to expand its footprint in Central Asia. In 2024, 12% of the company’s global sales came from the region, a figure that is expected to grow further. The development of a pharmaceutical hub in Kazakhstan will enhance the country’s position in both domestic and international markets. These new investments, along with the expected GMP EU certification, are set to strengthen Kazakhstan’s global pharmaceutical competitiveness, reduce reliance on imports, and improve national pharmaceutical security.

Kazakhstan Aims to Nearly Triple Investment in the Economy by 2029

Kazakhstan plans to significantly increase investment in its economy over the next five years, aiming to nearly triple current levels. However, officials from the Ministry of National Economy acknowledge that the primary challenge lies not in securing additional funds but in the shortage of high-quality investment projects. Shortage of Viable Projects At a recent meeting of the Expert Council under the Ministry of National Economy, Deputy Minister Arman Kasenov stated that the ratio of domestic investment to GDP currently stands at a modest 14-15%, a figure he described as objectively low. “To achieve higher rates of economic growth, investments need to increase 2.75 times, from $40 billion in 2024 to $103 billion by 2029,” Kasenov stated. To help reach this target, the government plans to allocate KZT 1 trillion (approximately $2 billion) through the state holding company Baiterek to stimulate business lending. This amount is expected to catalyze additional credit lines totaling KZT 8 trillion (around $15.9 billion). Still, Kasenov stressed that financing alone is not enough. “The real issue is the lack of quality projects,” Kasenov said. “This problem has been flagged by international development finance institutions. When we talk about increasing investment from $40 billion to $103 billion, it’s not just about capital, it's about where and how that capital is deployed.” Targeting High-Return Sectors To ensure impactful investment, the Kazakh government is prioritizing support for highly productive and export-oriented projects. These are concentrated in key sectors such as metallurgy, oil and gas, petrochemicals, and agriculture. Rustam Karagoyshin, the head of Baiterek Holding, outlined the financing model for investment projects, which consists of 60% market funding and 40% state-backed lending. In 2025, Baiterek plans to disburse a total of KZT 8 trillion in project financing, with KZT 3.75 trillion (around $7.4 billion) provided in the national currency. “Our main objective is to unify lending rates at 12.6% for end consumers. Standardizing rates will enable second-tier banks to participate across nearly all sectors where Baiterek operates today,” Karagoyshin said. Foreign Investment Outlook As The Times of Central Asia previously reported, Kazakhstan is looking to attract more foreign direct investment following a notable decline in 2023. Amid growing concerns about resource nationalism, the government is eager to position itself as a stable and attractive destination for international capital.