Value of investments into Kazakhstan’s agriculture significantly up

Business Materials 14 January 2020 14:54 (UTC +04:00)
Value of investments into Kazakhstan’s agriculture significantly up

BAKU, Azerbaijan, Jan. 14

By Nargiz Sadikhova - Trend:

Value of investments into Kazakhstan’s agriculture, forestry and fishery amounted to 429 billion tenge ($1.1 billion) during 11 months of 2019, which is 37.4 percent more compared to the same period of 2018, Trend reports with reference to Kazakhstan’s Statistics Committee.

Some 190.7 billion tenge ($504.4 million) of investments accounted for North Kazakhstan region, Akmola region and Kostanay regions (44.5 percent of the total sum).

The largest increase in the value of agriculture, forestry and fishery investments was observed in country’s Shymkent city (6.1 times).

It is followed by Pavlodar and West Kazakhstan regions with increase by 3.1 times and 2.1 times respectively).

Over 90 percent of the investments in agriculture, forestry and fishery were allocated for seasonal crops growing (61.7 percent) and animal husbandry (28.4 percent).

Agro-industrial complex of Kazakhstan plays a key role in country’s economy. Its development will balance sustainable development of the country, will increase labor productivity and will provide increase of living standards for the most part of the population. State Development program of agro-industrial complex till 2021 is being implemented currently.

The program provides for implementation of 10 tasks, and ensuring the availability of sales markets and export development, and the development of rural areas are among it.

The country's agro-industrial complex set a goal to radically increase labor productivity and growth of processed agricultural products exports at least 2.5 times. All this will provide key conditions for the development of the agro-industrial sector.


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