In the first half of 2023, mutual investments between Azerbaijan and Kazakhstan reached an impressive $82 million USD, fostering collaboration across six investment projects.
According to the Eurasian Development Bank (EDB), this sum includes $8 million (two projects) as Kazakh investments in Azerbaijan and $74 million (four projects) as Azerbaijani investments in Kazakhstan.
One notable venture in Kazakhstan involves the construction of a cable and transformer manufacturing plant by the Azerbaijani company ATEF. Additionally, to enhance the transport and logistics potential near the Aktau port, Azersun Holding, an Azerbaijani investor, is establishing the “Azersun Production and Logistics Center.”
The bank emphasizes that Azerbaijan is consolidating its economic presence in the Eurasian region, ranking third in exported investments with a 7.3% share ($3.56 billion USD) of the total regional investment volume ($48.8 billion USD) in the first half of 2023. Azerbaijan’s contribution to accumulated mutual investments in the region stands at 8.7% ($4.23 billion USD).
As a global consulting firm with a robust presence in 14 branches worldwide, including Kazakhstan, FCHAIN Corporation closely monitors and navigates these evolving economic landscapes to provide expert financial and legal services. Stay tuned for further insights into the dynamic world of international investments.
