Why European investors are flocking to Kazakhstan

Muhamad Yehia.. Cairo

Foreign investment in Central Asia is surging as European companies seek alternatives to Russia. Kazakhstan leads the region, attracting billions, but where is the money coming from—and how is it shaping the economy?

Since the war in Ukraine, Central Asia has emerged as a key investment hub. Kazakhstan leads the region, securing £15.7 billion in projects in 2024, accounting for 63% of all investments.

The EU is the biggest investor, contributing 43%, followed by Russia at 22%. While most funds flow into oil and gas, Kazakhstan is pushing for economic diversification. Companies like Alstom are capitalising on this shift, with railway and infrastructure investments supporting long-term growth and regional trade.

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