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Kazakhstan implementing new investment projects in Akmola region

Business Materials 8 November 2020 12:29 (UTC +04:00)
Kazakhstan implementing new investment projects in Akmola region

BAKU, Azerbaijan, Nov. 8

Trend:

The amount of private investments in fixed assets is growing in Kazakhstan’s Akmola region thanks to the active implementation of big investment projects, Trend reports with reference to Kazinform news agency citing the Internal Policy Department.

The number of investments in fixed assets as of nine months of 2020 amounted to 298 billion tenge increasing by 1.2 times compared to last year.

“The growth in the number of investments is mainly facilitated by the implementation of investment projects in the field of industry,” the Entrepreneurship and Industry Department said.

Some 220 industrial projects worth 456.9 billion tenge have been implemented, 12,000 new jobs have been created since 2010. Some 89 of 220 projects have been implemented within the State Program for Industrial and Innovative Development.

Several more projects were approved at the recent meeting of the Coordinating Council for Industrial and Innovative Development of the region.

"The Coordinating Council considered and approved five new investment projects for inclusion in the Business Road Map of Akmola region in the field of agricultural engineering, food industry, and construction industry.

“The total investment amount in the projects is 2.6 billion tenge, 236 jobs will be created," head of the regional department Yerbol Ospanov said.

The biggest of the considered projects are the construction of a plant for the production of domestic grain drying complexes with a capacity of 10 pieces per year of "AZAM-KC" company in the Astrakhan region with an investment volume of 600 million tenge and a feed mill with a capacity of 28,000 tons per year of "AIZET Farms" company in the Arshalyn region in the amount of 373.2 million tenge.

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