Over US$34.3 billion to be allocated for development of Western Kazakhstan

Over US$34.3 billion to be allocated for development of Western Kazakhstan
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More than 15 trillion tenge (US$34.3 billion) will be allocated for the development of western Kazakhstan. 1.7 trillion (US$3.8 billion) is provided from the state budget, Kazakh Minister of National Economy Alibek Kuantyrov said at the Government’s meeting. A number of projects in Atyrau, Aktobe, West Kazakhstan and Mangystau regions will be launched with these funds. Aktobe region expects the implementation of projects on renewable energy sources, gasification of settlements, construction of schools, residential buildings, plants for the production of cement and road construction. An industrial zone will be built in Atyrau region along with the development of several agricultural facilities. A new petrochemical complex is planned to be constructed in Aktau city. The implementation of the Comprehensive Development Plan is designed until 2025 following the creation of 175,000 new jobs.

“The main emphasis in the papers is placed on the attraction of extra-budgetary funds – quasi-public sector and private investors. The point is, you must do everything to make residents of the regions feel positive changes, see the prospect, able to work and earn money, evolve their business, receive treatment and study. It is necessary to take every opportunity to make the quality of people’s life much better,” said Alikhan Smailov, Kazakh Prime Minister.

 

Translation by Saniya Sakenova

Editing by Saule Mukhamejanova