Kazakhstan Sees $318.3 Million in New Investments in First Half of Year
ASTANA — Kazakhstan has seen significant growth in investment and economic development in the first half of the year. According to reports, 18 projects with a total worth of 151 billion tenge (US$318.3 million) were introduced in the country, with foreign investments accounting for 122.7 billion tenge (US$258.7 million).
The operational headquarters for ensuring economic growth recently held a meeting chaired by Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov to review the development indicators of economic sectors. The meeting highlighted the progress made in handling investment projects and introducing legislative amendments to support economic growth.
Key sectors such as information and communications, construction, and transport have shown stable growth, with the manufacturing industry also meeting its target indicators. However, some industries have experienced delays due to factors such as reduced oil production obligations and ongoing restoration work following natural disasters.
Deputy Prime Minister Baibazarov emphasized the importance of mobilizing investments, supporting domestic producers, and stimulating business activity to drive economic growth. The positive trend in the business activity index over the past five months is a good indication of the country’s economic health.
Inflation rates have also seen improvement, dropping from 14.6% to 8.4% due to the implementation of various measures. Specific instructions have been issued to ensure sustained growth in all sectors of the economy, with regional operational headquarters established to oversee progress.
Overall, Kazakhstan is poised for continued economic growth and development, with a focus on investment, business support, and strategic sectoral growth. The government’s proactive measures and collaborative efforts are expected to pave the way for a stronger and more resilient economy in the coming months.
