Investment attractiveness of Kazakh capital

avesta-news.kz

Investments attracted in the Kazakh capital hit a record high last year. Nur-Sultan attracted more than one trillion tenge (US$2.3 billion) of private investments, which is 21.5 percent more than in 2019, the city’s Mayor Altai Kulginov announced at a reporting meeting with the population. He said that, during this period, 111 investment projects were supported in Nur-Sultan. They are implemented in industry, as well as sectors of education, health, sports, logistics and trade. Housing construction sector has demonstrated the most significant development trends. More than three million square meters of housing have been built and commissioned in the city in 2020, almost twice as many as in 2019. Kulginov added that last year the house-building factory was launched. Support was provided to the projects for the construction of a bakery, a dairy plant, a vegetable storehouse, wholesale distribution centers, as well as projects for the production of masks and personal protective equipment.

 “You can see that Nur-Sultan is becoming an active business city, which attracts more and more business entities. We can say that, as a result, the share of SMEs accounts for nearly 55 percent of the gross regional product. We are happy with that, but we can do more, because the capital is an attractive city. The state creates all conditions for businesses to feel comfortable. 81 percent of all investments in the city are made by small and medium-sized businesses,” announced Altai Kulginov, Mayor of Nur-Sultan.

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