The year 2024 saw a resounding feat accomplished by Central Asia, garnering an impressive $24.8 billion investment in overcoming global economic challenges. According to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), this was a 27% increase in investment in the region, with Kazakhstan and Uzbekistan emerging as main centers.
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Kazakhstan led the region, with $15.7 billion in investment, most of this from the energy and green technology sectors. Uzbekistan, meanwhile, attracted $4 billion to fund sustainable development projects such as a biofuel plant in the Fergana oblast but saw a sharp decline of 49% from the last year.
Kyrgyzstan reported the most significant relative increase in the volume of investments as it surged by 310% to reach $2.1 billion. Turkmenistan attracted just $339 million, whereas Tajikistan garnered just $281 million.
Such investments are a confirmation of the potential of the region, which is being viewed with interest from international investors in Central Asia vis-a-vis energy and green technology.