Kazakhstan to attract over $13B of investments

Baku, Azerbaijan, September 13

By Nargiz Sadikhova - Trend:

The value of investments in Kazakhstan’s fuel and energy complex amounted to 2.561 trillion tenge during 1H2019, which is 18.6 percent more compared to the same period of last year, Trend reports with reference to the press office of the prime minister of Kazakhstan.

This became known during the conference call on issues of investments attraction and elimination of barriers when implementing investments projects in fuel and energy complex, as well as in West region of the country, which was held by the Prime Minister of Kazakhstan Askar Mamin.

“The forecast value of attracted investments in 2019 amounts to 5.357 trillion tenge (approximately $13.774 billion). Furthermore, 75 projects are being implemented and another 68 are being developed,” the statement said.

“The measures of legislative character are being implemented for the increase of the investments in fuel and energy complex. These measures are aimed at improvement of tax and customs regimes, as well as at promotion of development of petrochemistry, electricity and renewable energy sources,” the report said.

The value of investments in the fixed capital of Atyrau region amounted to 2.513 trillion tenge during January-July 2019 (118.3 percent compared to the corresponding period of last year), of Mangystau region to 291.6 billion tenge (83.2 percent), of West Kazakhstan region to 278.6 billion tenge, which is 38.3 percent more compared to the same period of last year.

(1 USD = 387.15 KZT on September 13)

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Follow the author on twitter: @nargiz_sadikh

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