Investments into Almaty’s fixed capital grow

kursiv.kz

More than 700 billion tenge (US$1.66 billion) has been invested into the fixed capital of Almaty city this year. Moreover, most of these funds are from private investors. Mayor of Almaty Bakytzhan Sagintayev shared this information at a briefing. According to the mayor, majority of the funds were directed to the real estate sector. The rest were distributed among such sectors as industry, transport and warehousing, health care, social services, financial and insurance activities. According to Sagintayev, this year a total of 90 new investment projects will be implemented in Almaty.

“As per results of 11 month of 2020, the collected taxes and payments to the state budget exceeded by 1 percent the results of the same period of last year. At the same time, the city’s share in the state budget revenues increased from 23.5 to 25.7 percent,” said the mayor.

In addition, Sagintayev assured that the economy of Almaty is stable due to the adopted anti-crisis measures. The economic growth has been preserved in such strategic sectors as industry, communications, and construction.

“Thus, the city retains the potential for a rapid recovery in the post-epidemic period. The package of anti-crisis measures implemented by the Mayor’s Office of Almaty city aims at preserving jobs, citizens’ incomes, supporting small and medium-sized enterprises, and stimulating orders in production chains. As of December 1, more than 77,000 new jobs were created, including 37,000 permanent ones,” added Sagintayev.

 

 

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