ASTANA, Kazakhstan, November 14. The volume of investments in fixed capital of West Kazakhstan region increased by 23 percent and amounted to 429 billion tenge (about $922 million) from January through September 2023, said the head of the executive power of the region Nariman Turegaliyev, Trend reports.
The share of private investment amounted to 348 billion tenge (about $748 million), or 81 percent. This is a very good indicator.
Work is underway in the region to support domestic producers. In 2023, 35 contracts worth 38 billion tenge (about $81.7 million) were concluded under state defense orders. And to diversify the region’s economy over the next 5 years, it is planned to implement 67 investment projects worth 2.4 trillion tenge (about $5.16 billion).
In addition, this year it is planned to launch 45 projects worth 37 billion tenge (about $79.5 million), to date 31 projects have been launched worth 26 billion tenge (about $56 million), by the end of the year 14 projects will be launched worth 11 billion tenge (about $23.6 million).
At the same time, a number of projects in the field of industry and agriculture are being implemented in the region with the participation of foreign investors. As part of the relocation for 4.8 billion tenge (about $10.3 million), 5 projects were launched.
"The implementation of these investment projects will additionally create new jobs in the region, increase tax revenues, and introduce new technologies," Turegaliyev said.
The volume of retail trade in the region from January through September 2023 amounted to 375.8 billion tenge (about $808 million) or 110.5 percent compared to the level of January-September 2022 (in comparable prices).
The volume of wholesale trade amounted to 402.8 billion tenge (about $864 million) or 127.9 percent of the level from January through September 2022 (in comparable prices).