Kazakhstan has set the goal of becoming one of the world’s next big investment destinations, as informed the country’s deputy prime minister, Askar Zhumagaliyev. Several billion pounds of inward investment is expected to enter Kazakhstan over the next five years, as global organizations seek to benefit from a streamlining of government services, additional opportunities linked to the New Silk Road and increased investment support.
The UK is among the top 10 trading partners in terms of turnover, as well as among the six largest investors in Kazakhstan, which accounts for almost 5% of the total volume of attracted foreign investment.
Trade between Kazakhstan and the UK in 2017 increased by 1.5% and amounted to $1.28 bn. Exports rose to $926.7 m. In the first quarter of 2018, the total turnover of mutual trade amounted to $252.6 mn, exports from imports reached $158.8 m and $93.8 mn, respectively.