Kazakhstan's Economic Review for the First Half of the Year Highlights $318.3 Million in New Investments
In January-June, 18 projects worth 151 billion tenge (US$318.3 million) were introduced in Kazakhstan. Of these, foreign investments reached 122.7 billion tenge (US$258.7 million).
The operational headquarters for economic growth convened on July 15, led by Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov, to assess the development indicators of various economic sectors for the first half of the year, as reported by the Prime Minister’s press service.
During this systematic approach by the investment headquarters, challenges concerning 65 investment projects worth nearly $30 billion were addressed, and 57 legislative amendments were proposed, with 26 of them already enacted.
The information and communications sector (8.7%), construction (8.6%), and transport (7.3%) all exhibited steady growth over the past year. The manufacturing industry also grew within target parameters, with an increase of 5.1%.
Agriculture, construction, and trade have shown improved growth rates. However, several industries are experiencing delays due to reduced oil production as part of OPEC+ commitments and ongoing recovery efforts following recent floods.
“After four months of slowdown, the results of June lay the foundation for the economy to enter a growth trajectory through the mobilization of investments, support for domestic producers, measures to stimulate business activity, as well as the upcoming active phase in the construction, road, and agricultural industries,” Baibazarov noted, emphasizing, that this year the business activity index is in the positive zone for the fifth month in a row.(Source:astanatimes)
