Investments in food production sector in Kazakhstan amount to US$44.6 million

Investments in food production sector in Kazakhstan amount to US$44.6 million
zhaikpress.kz

In the first two months of 2022 alone, the volume of investments in fixed capital in the food production sector in Kazakhstan amounted to approximately 20 billion tenge (US$44.6 million). This is a four-percent increase compared to the same period last year, Finprom.kz reported. Almost 87 percent of the investment in the sector falls on three regions. East Kazakhstan region is in the first place with 9.5 billion tenge (US$21.1 million). Akmola region came second in the list of top three investment regions with a little more than five billion tenge (US$11.1 million). Almaty region follows with more than 2.5 billion tenge (US$5.5 million) of investments. Most of the investments in the sector were secured by bank loans. Enterprises’ personal funds, as well as non-bank loans, account for just under a half.

 

Translation by Assem Zhanmukhanova

Editing by Galiya Khassenkhanova