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Kazakhstan names volume of investments attracted to tourism sector

Kazakhstan Materials 1 November 2023 04:16 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, November 1. Over 400 billion tenge (about $850 million) of investments were attracted to the tourism sector of Kazakhstan from January through September 2023, Trend reports.

Thus, compared to the same period last year, the growth was 44 percent.

In terms of regions, North Kazakhstan, Pavlodar, Aktobe, and Almaty regions are leaders in this indicator.

In addition, according to the results of the first half of the year, more than 3 million Kazakhstanis traveled within the country - 400,000 more than in the same period last year. According to forecasts, by the end of the year, the number of domestic tourists will reach 9 million people.

There is also a twofold increase in foreign tourists: more than 500,000 people, based on the results of six months in 2023. It is expected that by the end of the year, the figure will reach 1.4 million tourists.

With the increase in the number of tourists, the income of entrepreneurs in the tourism sector has also increased. In the first half of the year, accommodation places for travelers and vacationers earned about 100 billion tenge (about $212.4 million), which is 30 billion tenge (about $63.7 million) more than the same period last year.

Investments worth $4 billion have been attracted to Kazakhstan's tourism industry over the past three years. During this period, more than 400 tourist facilities were built, and hotels from over 20 well-known international chains, including Hilton, Marriott, Wyndham, Accor, and others, opened their doors in the republic.

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