In the first six months of 2025, the volume of such investments amounted to $23.9 billion, which is more than three times the level of 2016 and 60% higher compared to 2023.
Almost 96% of these investments are directed towards Central Asia, with a focus on Kazakhstan, Uzbekistan, and Turkmenistan.
Kyrgyzstan, in turn, receives a significantly smaller share, recording investments at the level of $75 million compared to other countries in the region.
Additionally, Gulf states are also investing in the economies of Azerbaijan ($606 million), Armenia ($174 million), and Georgia ($157 million).
In this report, the Gulf countries refer to Bahrain, Qatar, Kuwait, the United Arab Emirates, Oman, and Saudi Arabia.
