Investment volume in fixed capital totals US$30.4 billion in 2021

Investment volume in fixed capital totals US$30.4 billion in 2021
primeminister.kz

Last year, the volume of investment in fixed capital amounted to 13.2 trillion tenge (US$30.4 billion), which is 7.3 percent more than in 2020. This was reported during a meeting of the Investment team chaired by Kazakh Prime Minister Alikhan Smailov. An increase in investments is observed in non-primary sectors of the economy. For example, indexes of the physical volume of investments grew by 1.4 times in manufacturing industry, by 1.2 – in construction, by 1.3 – in agriculture. The annual plan for attracting investments in fixed capital is 94 percent complete countrywide. Shymkent city, Aktobe and Kostanai regions demonstrate high rates. Governors of those regions that showed the worst results will be subjected to disciplinary measures, Alikhan Smailov said.

“Lagging regions should pay attention to the need for strict adherence to established KPIs. Governors will be held personally accountable for failure to achieve target indicators. State bodies and governors’ offices should continue systematically working on attracting domestic and foreign investment,” he stressed.

10 main investing countries in Kazakhstan included the Netherlands, the U.S., Switzerland, China, Russia, UK, Belgium, Turkey, South Korea and France. The volume of foreign direct investment in the country’s economy has increased by 49 percent over nine months of 2021, totaling US$18.7 billion.

 

Translation by Saniya Sakenova

Editing by Saule Mukhamejanova