Approximately 4,000 investment projects to be implemented in Kazakhstan
BAKU, Azerbaijan, Dec. 9
By Nargiz Sadikhova - Trend:
In order for Kazakhstan to reach its strategic targets, country’s Ministry of National Economy is aiming for country’ economy growth to be no less than five percent, Kazakhstan’s Minister of National Economy Ruslan Dalenov said, Trend reports with reference to Kazakh media.
In this regard, as noted by the minister, there is a necessity to increase value of investments to the country’s fixed capital to be no less than 30 percent of country’s GDP by 2025.
Dalenov noted that currently the country’s government has already identified 4,000 investment projects worth 42 trillion tenge ($108.4 billion) for 2020-2024.
“These projects are expected to provide for additional economic growth. The main drivers of the investments increase will be transport, construction, fuel and energy sector, tourism and processing industry,” the minister said.
Dalenov also noted that the input of the expansion of non-commodity sector in GDP growth amounted to 3.8 percent points out of 4.4 percent.
“The two-digit increase is observed in light industry (increase by 18.9 percent) and pharmaceuticals (increase by 15.2 percent),” the minister said.
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