ASTANA, Kazakhstan, July 25. Over 5 billion tenge (about $10.5 million) were invested in the paper industry in Kazakhstan's Abay region from January through June 2024, Trend reports.
According to the Ministry of Industry and Construction, if in the first half of 2023 24 million tenge (about $50,000) were invested in paper production, then over the year the volume of investments increased immediately by 211 times.
As the Ministry noted, such a high result was made possible due to increased investment in the production of corrugated fiberboard, paper, and cardboard containers.
Thus, the Abay region is a leader in investing in the paper industry. It occupies 78 percent of the national level.
Meanwhile, the volume of investments in fixed capital in Kazakhstan amounted to 6.6 trillion tenge (about $13.9 billion) from January through June 2024. Compared to the same period in 2023, the volume of investments decreased by 3.5 percent.
The Kyzylorda region (an increase of 41.4 percent), Zhetysu region (38.5 percent), Turkistan region (37.8 percent), and Almaty region (21 percent) saw significant growth. At the same time, the Atyrau region accounts for a sizable portion of investments (14 percent).
The main share of investments in fixed capital from January through June 2024 falls on industry (41.6 percent), including mining and quarrying (23.5 percent), the manufacturing industry (9.9 percent), real estate transactions (21.5 percent), transport and warehousing (16.1 percent), and agriculture, forestry, and fisheries (5.1 percent).