The National Bank of the Republic of Kazakhstan has published data on inflows of foreign direct investment for January–September 2025. The statistics indicate steady growth and important structural changes in the country’s investment model.

 Gross FDI inflow
As a result of 9 months of 2025, the gross inflow of foreign direct investment into Kazakhstan amounted to $14.9 billion, which is 10.9% higher than in the same period of 2024 ($13.4 billion).

 Shift in focus toward manufacturing
Investment in the manufacturing sector reached $3.2 billion, increasing by 23.5% compared to the previous year ($2.6 billion).
At the same time, investment in manufacturing, for the first time since 2011, exceeded investment in the mining sector, which attracted $2.6 billion over the 9-month period. This is an important indicator of a qualitative shift in the structure of FDI toward processing and production.

 Geography of investors
The largest investor countries over the 9 months of 2025 included:
the Netherlands, China, the Russian Federation, the United Arab Emirates, Qatar, Switzerland, the Republic of Korea, Belgium, France and Germany.
The broad geography confirms diversification of capital sources and sustained interest from both traditional and new partners.

 Growth in investment activity from Qatar
A sharp increase in Qatari investment is noted separately. While in 2023 the volume of direct investment from Qatar amounted to about $9 million, by the end of 9 months of 2025 it increased to $1.2 billion.

 Net FDI inflow
The net inflow of foreign direct investment for January–September 2025 amounted to $1.2 billion, which is 2.4 times higher than in the same period of the previous year ($498.4 million).

 Conclusion
Data for 9 months of 2025 show that Kazakhstan is not only increasing the volume of FDI, but also consolidating a structural shift toward manufacturing, a diversified geography of investors, and a more sustainable net inflow of capital.

Source : https://www.gov.kz/memleket/entities/mfa-skopje/press/news/details/1136044?lang=kk