ASTANA, Kazakhstan, August 1. Kazakhstan has approved the Investment Program of the city of Astana, within the framework of which the necessary key industries and projects are presented, Trend reports.
The document was approved at the next meeting of the Investment Promotion Council of Kazakhstan (Investment Headquarters), chaired by First Deputy Prime Minister Roman Sklyar.
According to the government of Kazakhstan, the program became a logical continuation of the mechanism of the Regional Investment Program approved on May 17, which involves a transition to the "order" model for investments. Astana was chosen as a pilot region to implement this model.
In addition to this, during the meeting, progress and prospects for the implementation of a number of major projects were discussed. Particular attention was paid to such projects as KazAzot Prime and QAZAQ KALIUM LTD, aimed at the production of ammonia, urea and potassium fertilizers. These projects play a key role in providing the agricultural sector with the necessary fertilizers and contribute to the economic development of the region.
The meeting also touched on investments in the energy sector.
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).
In addition, 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).