BAKU, Azerbaijan, May 8. Investments in fixed assets in Kazakhstan increased by 16.1 percent in the first quarter of 2023 compared to the same period last year and amounted to 2.74 trillion Kazakh tenge ($6.1 billion), Trend reports via the Bureau of National Statistics of Kazakhstan.
More than half, or almost 57 percent, of the funds invested in fixed assets were allocated for the construction and capital repairs of buildings and facilities.
In the first quarter of 2023, the primary source of investment financing in Kazakhstan remained the internal funds of economic entities, accounting for 80.8 percent of the total volume or 2.2 trillion Kazakh tenge ($4.9 billion).
A significant share of investments in fixed assets from January through March 2023 accounted for industry (51.4 percent), mining and quarrying (36.9 percent), transport and warehousing (8.6 percent) and real estate transactions (21.4 percent).
Atyrau region has become the leader in investments in fixed assets among the regions. Almost a quarter of all funds or 639.5 billion Kazakh tenge ($1.4 billion) were invested there.
