ASTANA, Kazakhstan, September 18. Over 250 billion tenge (about $534.8 million) of investments were attracted to the Kyzylorda region of Kazakhstan from January through August 2023, Trend reports.
This was stated by the head of the regional executive power (akimat), Nurlybek Nalibayev after a meeting at the Investment Headquarters chaired by Prime Minister Alikhan Smailov.
As noted at the meeting, the Kyzylorda region, based on the results of 8 months, ranks 3rd in the republic in attracting investments. Last year in the region, this figure was exceeded.
"As you know, last year, 413 billion tenge (about $883.6 million) of investments were attracted to the region. This year, it is planned to attract 472 billion tenge (about $1.009 billion) in investments. The plans of cities and districts have been approved. Based on the results of the first eight months of this year, the region received 258.8 billion tenge (about $553.7 million) of investments," Nurlybek Nalibayev said.
According to him, the plan is 61 percent fulfilled. In the Aral, Kazalinsk, Jalagash, and Zhanakorgan districts, the level of plan implementation is below 50 percent. And in Kyzylorda, Shieli, Syrdarya, and Karmakshin districts, the implementation of the plan exceeded 50 percent.
"The experience of regions that have achieved good results in attracting investment should be taken into account. Another important point is that when determining a plan for attracting investment in areas, it is necessary to take into account the population and capabilities of the area," he added.
As Alibek Kuantarov, Minister of National Economy of Kazakhstan, said earlier at the government meeting, 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.
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.