In recent years, Kazakhstan has invested about $680 million in Uzbekistan, according to the Eurasian Development Bank (EDB). Companies owned by Kazakhstan’s wealthiest businessmen have accounted for a significant share of that investment, Margarita Bocharova, an author with the Shishkin_like project, wrote in a recent review.
EDB analysts say more than one-third of Kazakhstan’s investment in Uzbekistan has gone into the construction sector.
BI Group
BI Group owner Aidyn Rakhimbayev — ranked 10th on Forbes’ list of Kazakhstan’s richest people, with a net worth of $967 million — co-founded developer NRG in 2020 with Uzbek businessman Murod...