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Kazakhstan reveals volume of investments in Astana since year-start

Kazakhstan Materials 8 December 2023 15:20 (UTC +04:00)
Kazakhstan reveals volume of investments in Astana since year-start
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, December 8. The volume of investments in the Kazakhstan's capital Astana exceeded 1 trillion tenge (about $2.18 billion) from January through October 2023, said the head of the city executive power, Zhenis Kasymbek, Trend reports.

He made the remark in talks with President of Kazakhstan Kassym-Jomart Tokayev.

By the end of the year, it is planned to commission 25 investment projects totaling 87.7 billion tenge (about $191 million). Of these, 14 projects will be implemented in the manufacturing industry, 7 projects in the fields of education and medicine, 4 projects in the field of logistics.

The implementation of all the above projects will create 1,400 jobs.

At the same time, in the third quarter, the construction of the Yugo-Vostok gas thermal station, the first stage of the Turan gas thermal station and the first stage of CHPP-3 in the city were completed. The capacity of these facilities is 1140 Gcal/hour.

In addition, in 2024, it is planned to put into operation the first stage of the Telmana gas thermal station and the second stage of the Turan gas thermal station. This will provide another 850 Gcal/hour of thermal power.

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.

By industry, the largest volume of investments was directed to the mining industry - $12.1 billion (+25 percent), manufacturing - $5.6 billion (+3 percent), wholesale and retail trade - $5.08 billion (+36 percent), professional, scientific and technical activities - $1.1 billion (2.1 times increase), transport and warehousing - $1.1 billion (+14 percent), construction - $698 million (-3 percent), financial and insurance activities - $650 million (-60 percent), electricity and gas supply – $635.6 million (an increase of 2.8 times), etc.

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