ASTANA, Kazakhstan, August 13. About 196.3 billion tenge (about $409 million) of investments were attracted into the fixed capital of the Zhambyl region of Kazakhstan from January through June 2024, said the region's Head Yerbol Karashukeyev, Trend reports.
He made the remark during a meeting with Kazakh President Kassym-Jomart Tokayev.
"196.3 billion tenge were attracted into fixed capital. The region’s investment portfolio until 2027 includes 70 projects worth 2.5 trillion tenge (about $5.2 billion), which will create 6,300 jobs. 19 new production facilities are planned to be launched by the end of the year," he said.
As Karashukeyev noted, the region shows dynamic economic growth.
"In the construction sector – by 12.3 percent, communications – by 8.5 percent, transport – by 7.4 percent, the agricultural sector – by 4 percent, housing commissioning – by 2.3 percent (311,000 square meters). The share of the manufacturing sector in the regional economy was 64.5 percent. At the same time, a key role is given to the phosphorus industry within the framework of agreements with large foreign companies," he noted.
Speaking about agriculture, Karashukeyev pointed out that at present, the region's farmers have begun harvesting.
"The forecast volume of gross harvest of main crops is expected to be 2.1 million tons," he said.
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), Turkestan 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).