BAKU, Azerbaijan, Feb. 2
Trend:
The foreign direct investments in the economy of the Republic of Kazakhstan increased by 49 percent from January through September 2021 and amounted to $18.7 billion, Trend reports with reference to the official website of the prime minister of the Republic of Kazakhstan, .
The results of the implementation of target indicators for attracting investments for 2021 and plans for 2022 were considered at a meeting of the Investment Staff chaired by Prime Minister of the Republic of Kazakhstan Alikhan Smailov.
The investments in fixed assets amounted to 13.2 trillion tenge ($30.4 billion) in 2021, which is by 7.3 percent more than in 2020. The non-primary sectors of the economy mainly boosted the investment growth. The volume of investments increased by 1.4 times in the manufacturing industry, by 1.2 times in construction sector and by 1.3 times in agriculture.
As for the manufacturing industry the highest growth rates were achieved in metallurgy (+27 percent), textile production (+28 percent), pharmaceutics (+39 percent), chemical industry (+55 percent), mineral products (+100 percent).
The annual plan for attracting investments in the country’s fixed capital was fulfilled by 94 percent. Target indicators were surpassed in Shymkent (115.5 percent), Aktobe (101.8 percent) and Kostanay (101.3 percent) regions.
The target indicators were slightly less in Karaganda region (99.9 percent), Almaty city (99.8 percent), Atyrau (99.1 percent), Zhambyl (97.4 percent), Pavlodar (96.2 percent) regions, Nur-Sultan city (96.1 percent).
The plan was not fulfilled in East Kazakhstan (92.1 percent), Mangystau (90.8 percent), Almaty (89.7 percent), Akmola (89.4 percent), Turkestan (82.5 percent) and North Kazakhstan (80.4 percent) regions.
The worst indicators are observed in West Kazakhstan (69.6 percent) and Kyzylorda (66.4 percent) regions. Deputy governors of these two regions will be brought to disciplinary responsibility upon the prime minister’s instructions.
Almost all major investing countries increased capital inflows in the economy of Kazakhstan.
Among the top 10 investing countries were the Netherlands, the US, Switzerland, China, Russia, the UK, Belgium, Turkey, South Korea and France.
“The regions with bad indicators should pay attention to the need for strict adherence to the established key performance indicators,” Smailov said. “The governors will bear responsibility for inability to achieve target indicators. The state structures and regional structures of executive power should continue to work systematically to attract domestic and foreign investments.”