BAKU, Azerbaijan, Aug. 24
By Klavdiya Romakayeva - Trend:
Investments in fixed assets in the industrial sector of Kazakhstan from January through July this year amounted to 3.33 trillion tenge ($7.8 billion) - 8.3 percent less in value terms than a year earlier, Trend reports with reference to energyprom.kz.
It is reported that the real decline in the physical volume of capital investments reached 10.5 percent.
According to the information, the largest volume of investments in the industry fell on the mining and quarrying segment - 61 percent of the total portfolio, or 2.03 trillion tenge ($4.8 billion). At the same time, the share of the sector dropped sharply over the year: in the same period of 2020, the extractive sector accounted for 74.5 percent of the investment volume at once.
It is noted that such a flow is due not only to a decrease in infusions into the production sector (in money - minus 24.9 percent, in physical volume - minus 26.5 percent), but also a sharp increase in investment activity in the refining segment.
In addition, capital investments for the year grew by 88.4 percent in money and by 82.9 percent in physical volume, to a record 836.7 billion tenge ($19.7 billion). This is already 25.1 percent of the investment portfolio of the industrial sector of Kazakhstan, against only 12.2 percent a year earlier.
Kazakhstan’s mining sector is dominated by oil and gas production: 1.52 trillion tenge ($3.6 billion), or 75 percent of the mining segment's portfolio. However, a year earlier the figure mounted to 83.5 percent.
The share of metal ore mining, on the contrary, increased - from 12.2 percent to 16.8 percent of the total capital investment in the mining industry. This is already 341.9 billion tenge ($804 million) - 3.7 percent more in monetary terms than a year earlier.
In the processing segment, the largest volume of investments was directed to the chemical industry - 37.7 percent of the portfolio, against only 13.9 percent a year earlier. This is 315.6 billion tenge ($742 million) - more than five times more than a year earlier.
The key sectors-investment magnets also included the metallurgical sector (34.3 percent of capital investments in processing), the food industry (8.4 percent) and the production of building materials and other non-metallic mineral products (6.1 percent).
As for other industrial sectors, the electricity and heat supply segment accounted for 293.6 billion tenge / $690 million (five percent less than a year earlier in monetary terms and seven percent less in real terms); for water supply, sewerage, and waste collection and disposal - 167.1 billion tenge / $393 million (minus 2.3 percent in value and minus 4.6 percent in physical volume).
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