...

Kazakh Mangystau region outlines plans to attract investments until 2026

Kazakhstan Materials 8 April 2024 14:20 (UTC +04:00)
Madina Usmanova
Madina Usmanova
Read more

ASTANA, Kazakhstan, April 8. A pool of 43 investment projects has been formed in the Mangystau region of Kazakhstan, which will be implemented until 2026, said the head of the Mangystau region of Kazakhstan Nurlan Nogaev, Trend reports.

"Last year, the volume of investments in the regional economy increased from 762 billion tenge (about $1.7 billion) to 1.1 trillion tenge (about $2.46 billion), which was an increase of 34 percent. About 500 new jobs were created through the implementation of 16 investment projects in various sectors of the economy, totaling 21 billion tenge (about $47 million). Of these, 10 projects were in the manufacturing industry, 3 were educational, 3 were in the agricultural sectors. A pool of 43 investment projects has been formed that will be implemented until 2026," he said.

According to him, thanks to the successful implementation of these projects, it is planned to attract investments in the region’s economy in the amount of 880 billion tenge (about $1.97 billion) and create 2,400 new jobs. In 2024, it is planned to implement 13 projects worth 160 billion tenge (about $358 million).

As previously stated by the Minister of National Economy Nurlan Baybazarov, Kazakhstan plans to attract 22.1 trillion tenge (about $48.8 billion) of investments into fixed capital in 2024, which is 22 percent more than last year.

At the same time, within the framework of the Unified Pool of Investment Projects, the implementation of 234 projects worth 2.3 trillion tenge (about $5 billion) is expected.

Furthermore, last year, the volume of investments in fixed capital in Kazakhstan increased by 13.7 percent and amounted to $39.5 billion, while over the first nine months of 2023, $19.7 billion of foreign direct investment was attracted.

Tags:
Latest

Latest