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Value of investments in Kazakhstan's agriculture soars

Business Materials 16 July 2021 16:02 (UTC +04:00)
Value of investments in Kazakhstan's agriculture soars

BAKU, Azerbaijan, July 16

By Nargiz Sadikhova - Trend:

The value of investments in Kazakhstan’s agriculture amounted to 213.8 billion tenge ($498.3 million) over the period from January through May 2021, which is 47.4 percent more in value than last year, Trend report citing Kazakh media.

For comparison: in the same period a year earlier, the volume of investments reached 145.1 billion tenge ($338.2 million), an increase of 16.7 percent over the year.

Some 99 percent of investment in the current year fell on crop production, animal husbandry and hunting.

Another 0.9 percent were capital investments in the fishing sector: 2 billion tenge ($4.6 million) - 4 times more than a year earlier. Forestry and logging accounted for only 0.04 percent of the sector's investment portfolio, or 77.3 million tenge ($180.1 million), minus 27.2 percent per year.

A quarter of all investments fell on the North Kazakhstan region: 54.2 billion tenge ($126.3 million) – 43 percent more in value terms than a year earlier. Akmola region was second with 41.9 billion tenge ($97.6 million), an increase of 2.7 times per year. Kostanay region closes the top three: 26.2 billion tenge ($61.07 million), plus 27.8 percent.

Among agricultural regions, the volume of investments decreased significantly in the Almaty region: decrease by 26.3 percent in value to 7.8 billion tenge ($18.1 million).

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