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Kazakhstan’s Turkestan region aims to attract major investments

Kazakhstan Materials 3 February 2023 10:33 (UTC +04:00)
Kazakhstan’s Turkestan region aims to attract major investments
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, February 3. Kazakhstan’s Turkestan region aims to attract investments worth around 350 billion Kazakh tenge ($755.68 million), Dakhan Satybaldy, head of the municipality of Turkestan region, said, Trend reports, citing Kazakh media.

The head of the region indicated that priority areas for investments include the development of the special economic zone and industrial enterprises.

Another area of significant interest is social development. Seven schools are planned to be built in the region. The construction of three schools will be completed during the next two years. These two schools will provide education for 2,000 students.

Satybaldy added that the improving investment climate in the municipality to attract 304 billion Kazakh tenge ($656.37 million) in 2022. The municipality head noted that during the previous 5 years, the volume of investments increased by 8.5 times.

As a result of the implementation of the projects, around 2,500 new job opportunities have been opened in the region.

Implementation of the various projects in regions is a major element of the strategy of the Kazakh government. By improving regional infrastructure and implementing industrial projects, the government aims to boost the attractiveness of regions for foreign investors and businesses.

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