BAKU, Azerbaijan, May 18
Trend:
The final indicators of work on attracting investments for January - April 2021 were considered during a meeting of the Investment Headquarters chaired by Prime Minister of Kazakhstan Askar Mamin, Trend reports citing the Kazakh Ministry of National Economy.
During the meeting, Minister of National Economy, Aset Irgaliyev said that for 4 months of this year the volume of investments in fixed assets, excluding the mining industry, showed an increase of 32.3 percent.
The minister noted that amid the economic recovery in Kazakhstan during the 4 months of this year, high growth rates of investments in fixed assets were noted in the manufacturing industry (112.8 percent), agriculture (66.1 percent), and construction (72.4 percent).
“One of the essential factors in the recovery of the national economy was the performance in the service sector. From January through April 2021, for the first time in the last 12 months, the growth rates in the service sector of the country showed positive dynamics,” Irgaliyev said.
In the face of the abovementioned dynamics, high rates of investment in fixed assets were observed in such industries as trade (28.3 percent), transport and warehousing (27.6 percent), financial and insurance activities (28.6 percent), real estate transactions, (27.5 percent), education (10.3 percent), arts, entertainment and recreation (30.9 percent), as well as information and communication (61.2 percent).
Positive growth rates for investments in fixed assets were achieved in 15 regions and cities of republican significance. The leaders were the cities of Almaty (+47.9 percent) and Nur-Sultan (+31.7 percent), Turkestan (+42.6 percent), Zhambyl (+30.4 percent), Karaganda (+22.9 percent), North Kazakhstan (+16.7 percent), Kostanay (+11.6 percent), and Kyzylorda (+6.1 percent) regions. A decline was observed in West Kazakhstan (-40.2 percent) and Atyrau (-37.8 percent) regions.
Taking into account the recovery dynamics of the capital market in the world and the growth of the investment attractiveness of the national economy, this year it is planned to ensure an increase in the gross inflow of foreign direct investment at the level of 11 percent - up to $19 billion.
The pool of investment projects of Sovereign Wealth Fund Samruk-Kazyna JSC was considered at the meeting.
During the meeting, the Chairman of the fund’s Board Almasadam Satkaliyev noted that as of December 31, 2020, the investment portfolio of Samruk-Kazyna JSC consists of 203 projects in the amount of 73 trillion tenge, taking into account the shares of partners.
Currently, within the framework of state and sectoral programs, such large investment projects are being implemented as the construction of an integrated gas chemical complex for the production of polypropylene in Atyrau, the Beineu-Bozoy-Shymkent gas pipeline, infrastructure facilities of the NINT FEZ, the restoration of Block 1 of the Ekibastuz GRES- 1, modernization of the technology of mining, transportation, homogenization and loading of coal at the Bogatyr open pit, construction of a wind farm in the Shelek corridor and others.
In 2021-2026, the fund plans to implement large infrastructure projects for the modernization of gas pipelines in the Mangistau region, gasification of the Almaty energy complex, expansion and reconstruction of the Ekibastuz GRES-2, projects in the field of renewable energy sources, and others.
As part of measures to ensure the self-sufficiency of the national economy in building materials, it is planned to implement such investment projects as the construction of factories for the production of sanitary ware, heaters, ceramic tiles, floor coverings, etc.
"It is necessary to take comprehensive measures to implement the planned investment projects and ensure a further increase in the volume of attracting investments. The Samruk-Kazyna Fund needs to focus on investing in large projects in the fields of energy, oil and gas chemistry, transport and logistics and other strategic sectors, which will have a multiplier effect on the development of the economy," said Mamin.
In the course of the meeting, target indicators for attracting foreign direct investment for 2021-2025 for local executive bodies were approved.