ASTANA, Kazakhstan, September 18. The total volume of investments in fixed capital in Kazakhstan amounted to 9.6 trillion tenge (about $20.5 billion) from January through August 2023, which is 12.2 percent more than in the same period last year, Trend reports.
This was stated by the Minister of National Economy of Kazakhstan, Alibek Kuantyrov, during a meeting at the Investment Headquarters chaired by Prime Minister Alikhan Smailov.
According to him, most of the funds are attracted to the mining industry, the real estate sector, transport and warehousing, and manufacturing. "13 out of 20 regions exceeded the target, among them Mangistau, Akmola, Kyzylorda, Turkestan, Karaganda regions, Shymkent city, etc.," he added.
In turn, Prime Minister Alikhan Smailov noted that by the end of the year, it will be necessary to attract at least 18.5 trillion tenge (about $39.5 billion) of investment in fixed assets.
"However, based on the results of 8 months, the annual plan was fulfilled by only 52 percent. In this regard, in order to complete the task, some regions and government agencies will need to attract significantly more investment than in the past months," he said.
As an example, Alikhan Smailov cited the Ulytau region, where the lowest rates of investment in fixed capital are noted—only 54 percent for the reporting period.
He pointed out that due to the slowness in resolving some infrastructure issues, the launch of a plant for hydrometallurgical processing of rough copper concentrates worth 11 billion tenge (about 23.5 billion) is being delayed. In turn, this hinders the economic development of the region.
As he added, the implementation of a number of investment projects was also suspended in Almaty. In general, due to the failure to achieve the plan this year, over 200 billion tenge were not invested in the real economy of the city.