Published
12/11/2025, 15:53The Eurasian Development Bank has released its latest report as part of the Mutual Investment Monitoring project, according to which the total volume of accumulated direct investment between countries in the Eurasian region reached a record $48.4 billion in the first half of the year. Against the backdrop of overall growth in investment activity in the region, Kyrgyzstan significantly strengthened its position, increasing capital inflows from neighboring countries.
According to the EDB, accumulated mutual FDI attracted by Kyrgyzstan amounted to $2.4 billion, demonstrating a 21% increase compared to 2023 and a 2.3-fold increase compared to 2016. Although Kyrgyzstan's own investments in the region remain minimal — about $1 million per project — the country continues to be a stable recipient of capital.
Russia remains the main source of investment, accounting for about 80% of investments. Over the past year and a half, key projects have included the construction of a solar power plant in the Issyk-Kul region by Unigreen Energy, as well as the construction of the Karkyra mountain health resort in the same region.
The sectoral structure of mutual FDI inflows to Kyrgyzstan is dominated by the raw materials sector (27%) and trade (22%). The EDB notes that these areas continue to shape the main investment agenda, although the share of investments in processing and energy projects is gradually increasing.
The report also notes a broader trend: against the backdrop of a decline in global foreign direct investment flows, the region is showing growth (+6.4% by 2023). According to the bank's estimates, the driver of growth is the private sector, whose share in the structure of mutual FDI has reached 72%.
