Baku, Azerbaijan, Dec. 23
By Ali Mustafayev – Trend:
Despite the crisis and the decline in demand for oil and non-ferrous metals, the economy of Kazakhstan’s Aktobe Region is expected to grow 5 percent by the end of 2017, said the head of the region, Berdybek Saparbayev, during a regular session of the Assembly of the People of Kazakhstan.
"The main social-economic indicators for the current year are higher than in the previous year, and this is a good groundwork to fulfill all obligations to the population in 2018," said Saparbayev.
There is a significant increase in housing construction in the region. In 2015, 365,000 square meters of housing were put into operation; by the end of 2017, this figure is expected to reach at least 750,000 square meters.
The region is also building new micro-districts.
"Big industrial facilities as new ferro-alloy and gas processing plants have started operating at full capacity. We work to expand the production, attract investments. We promised to attract at least 450 billion tenge ($1.3 billion) of investment to the region's economy this year and this task is close to implementation," said Saparbayev.