BAKU, Azerbaijan, Jul. 10
By Nargiz Sadikhova - Trend:
Investments into Kazakhstan’s fixed capital of agriculture amounted to 232 billion tenge ($564.8 million) in 1H2020, which is 19 percent more than during the same period of last year, Trend reports with reference to the press office of Kazakhstan’s prime minister.
The topic was discussed during an expanded government meeting chaired by Kazakhstan’s President Kassym Jomart Tokayev, held on Jul. 10, 2020.
In turn, investments into Kazakhstan’s processing industry amounted to 40 billion tenge ($97.3 million), which also is 16.6 percent more year-on-year.
In turn, agriculture goods export increased by 14.9 percent from 4.7 million tons to 5.4 million tons in 1H2020. Implementation of projects to increase and restore water availability is expected to increase irrigated land from 1.5 million hectares in 2020 to 2 million hectares in 2022.
Some 160 projects will be implemented in the fuel and energy and agricultural sectors, metallurgy, chemical and light industry, construction industry, engineering and pharmaceuticals worth 1.1 trillion tenge ($2.6 billion) within the framework of the industrialization map in 2020.
Furthermore, 32 traditional and 17 large mining data processing centers with attracted investments of more than 110 billion tenge ($267.8 million) were built in 2020 within the framework of Kazakhstan’s development as a global data-hub. Some 633 billion tenge ($1.5 billion) of investments and 2,000 new jobs are to be created before 2024.
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