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Kazakhstan notes uptick in investment in Kostanay region

Kazakhstan Materials 22 August 2023 22:00 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, August 22. The growth of investment in fixed assets in the Kostanay region of Kazakhstan amounted to 118 percent from January through June this year, which is more than in other agricultural regions of the country, Trend reports.

According to official data, during the specified period, 219.1 billion Kazakh tenge ($483.1 million), or 3.3 percent of all investments in fixed assets in Kazakhstan, fell on the Kostanay region.

Of the total volume of investments in fixed assets, 122.6 billion Kazakh tenge ($270.3 million), or 55.9 percent, were invested by small businesses; 73.1 billion Kazakh tenge ($161.2 million), or 33.4 percent, by large businesses; and 23.4 billion Kazakh tenge ($51.6 million), or 10.7 percent, by medium-sized businesses.

Furthermore, 71.9 percent (157.5 billion Kazakh tenge, or $347.3 million) was invested in the region from its own funds, and the remaining 61.6 billion Kazakh tenge ($135.8 million) accounted for borrowed (30.3 billion Kazakh tenge, or $66.8 million) and budgetary (31.3 billion Kazakh tenge, or $69 million) funds.

Meanwhile, among the promising investment projects in the region at the moment are the construction of a mining and processing plant and a livestock complex in the Torgai region (the planned implementation period is until 2027), the construction of a processing plant at the Kacharsky Mine (until the end of 2030), and a plant for the production of alumina (until 2028).

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