Kazakhstan reveals number of investment projects to be carried out in 2023

Kazakhstan Materials 17 December 2022 14:14 (UTC +04:00)
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, December 17. Kazakh government plans to abolish around 10,000 requirements in 44 regulatory fields preventing businesses from operating effectively, Alikhan Smailov, Prime Minister of Kazakhstan, said during a meeting with President Kassym-Jomart Tokayev, Trend reports, citing the Central Communications Service under the President.

Smailov also informed the Head of State that the Government aims to increase the number of people employed by SMEs to 3.8 million.

Kazakh PM also added that 289 investment projects with a total value of 4.2 trillion Kazakh tenge (nearly $9 billion) will be carried out. The implementation of these investment projects will create around 38,000 employment opportunities.

The PM said that the Kazakh government expects inflation to subside in 2023, while trade exports, real wages, and other economic indicators are projected to grow.

In addition, the President was informed about the plans for saturation of the domestic market with domestically produced goods, reformatting the activities of food funds, and construction of new format schools among others.