ASTANA, Kazakhstan, October 24. Investments in the amount of 1,027 trillion tenge (about $2.16 billion) were attracted into the fixed capital of the manufacturing industry of Kazakhstan from January through September 2023, which is 6.4 percent less than in the same period last year, said Vice Minister of Industry and Infrastructure Development Ilyas Ospanov, Trend reports.
As he noted, the planned figure by the end of the year is 2.1 trillion tenge (about $4.4 billion).
"By sector, there is an increase in light industry - 2.5 times to 11.3 billion tenge (about $23.8 million), furniture production - 4.5 times to 14 billion tenge (about $29.5 million), as well as rubber and plastic products - 1.6 times to 81.4 billion tenge (about $171.6 million). At the same time, positive dynamics in investment in fixed capital are observed among companies producing paper products, beverages, and food products," he said.
Ospanov noted that in general, this year it is planned to launch 170 projects worth an investment of 1 trillion tenge (about $2.1 billion).
"The largest of them are enterprises for the production of household appliances and special coke, as well as an enrichment fabric for processing sludge. To date, 65 projects worth 200 billion tenge (about $421.8 million) have already been introduced," he said.
According to him, regions postponed the implementation of a number of investment projects planned to launch before 2027 to later years.
The volume of production in the manufacturing industry in Kazakhstan amounted to 14 trillion tenge (about $29.1 billion) from January through August 2023, which is 3.1 percent more than the same period of the previous year.
The industry accounted for 13.4 percent of the country’s GDP, the third-largest contribution to the economy after trade and mining.
The dynamics in production volume are also positive: over the past year, products worth 21.1 trillion tenge (about $44 billion) were produced, which is 2.2 times more than five years ago.
There are about 20,000 enterprises in the industry, which provide more than 613,000 permanent jobs.