ASTANA, Kazakhstan, November 20. Investments in the fixed capital of the Kazakhstan city of Almaty amounted to 1.2 trillion tenge (about $2.6 billion) from January through October 2023, Trend reports.
Thus, this figure exceeds the figure for the same period in 2022 by 4.2 percent.
At the same time, private investment increased by 10.9 percent and amounted to 1.07 trillion tenge (about 2.3 billion).
In addition, the industrial zone created in the city and intended for the development of priority industries is actively developing. Among them are mechanical engineering, food, light, pharmaceuticals, chemical industries, and the production of building materials.
Today, 26 investment projects worth 210.4 billion tenge (about $455 million) are being implemented in the Almaty Industrial Zone, within which 8,515 jobs have been created.
By the end of this year, it is planned to launch six more projects worth 8.1 billion tenge (about $17.5 million) in the Industrial Zone, resulting in the creation of 389 jobs.
In 2025, it is planned to launch a multi-brand plant for the production of Changan, Chery, and Haval cars worth 100 billion tenge with the creation of 1,500 jobs.
At the end of 2022, the gross inflow of foreign direct investment into Kazakhstan amounted to $28 billion, which is 17.7 percent more than the results of 2021 ($23.8 billion). This is a record figure over the past 10 years; in 2012, the volume of FDI reached $28.9 billion.
The leaders in terms of investment in the republic were the Netherlands: $8.33 billion (an increase of 19.7 percent), the US: $5.1 billion (+81.9 percent), Switzerland: $2.8 billion (+2.4 percent), Belgium: $1.56 billion (+46 percent), Russia: $1.52 billion (-19.7 percent), South Korea: $1.48 billion (+84.8 percent), China: $1.43 billion (-22.5 percent), France: $770.2 million (+27.4 percent), the UK: $661 million (-35.7 percent), and Germany: $469.5 million (+45.4 percent).