Foreign investment in Central Asia is on the rise as European companies look for alternatives to Russia, Euronews notes. Kazakhstan leads the region, attracting billions, but where does the money come from and how does it shape the economy?
The EU is the largest investor in the region, contributing 43%. It is followed by Russia with 22%. Most of the money comes from the oil and gas sector, which is understandable.
However, Kazakhstan is striving to diversify its economy, creating conditions for the development of the financial market, IT sector, logistics centers, etc. Companies such as Alstom are capitalizing on this shift, Euronews notes. And investments in rail and infrastructure are supporting long-term growth and regional trade.
