7.5 trillion tenge invested in Kazakhstan’s fixed capital

Business Materials 23 October 2018 12:26 (UTC +04:00)

Baku, Azerbaijan, Oct. 23

By Rashid Shirinov – Trend:

Total investments in Kazakhstan’s fixed capital increased by 21.6 percent and amounted to 7.5 trillion tenge in January-September 2018, Investment and Development Minister Zhenis Kassymbek said at a government meeting, according to Kazinform.

The figure was 5.7 trillion tenge in the same period last year.

"There is an increase in the mining industry by 41.4 percent, in construction by 37.1 percent, and in the manufacturing industry by 26.4 percent," he said.

Investment growth has been observed in most regions of Kazakhstan. The top three were Shymkent city – by 2.8 times, Atyrau region – by 35.6 percent, and Karaganda region – by 28.5 percent.

The share of private funds in the total investments in fixed capital in January-September 2018 amounted to 73.1 percent (5.5 trillion tenge).

It is also noteworthy that in the first half of this year, the gross inflow of foreign direct investment in Kazakhstan grew by 15.4 percent and amounted to $12.3 billion. The figure was $10.5 billion in the first half of 2017.

The official exchange rate on October 23 is 365.49 KZT/USD.