Almaty region attracts 778 billion tenge of investments

Almaty region attracts 778 billion tenge of investments

Seven industrial zones will be created in the Almaty region. Three of them will focus on the development of the region’s agro-industrial complex. Overall, the industrial areas are designed to develop export-oriented production and attract investment. Projects have already been launched in some of these zones. For example, a sublimation plant for freezing fruit and vegetable products has been built in the Bereke industrial zone, with a processing capacity of 25,000 tonnes per year. The Kairat zone hosts 26 companies, with a total of 150 billion tenge in attracted investments. Additionally, the region is home to the largest special economic zone in Central Asia, which is also one of the three largest in the world by area - Alatau. This zone is also attracting investment.

«The expansion of the export geography for enterprises in the Almaty region is one of its most important achievements. Today, the region exports products to 63 countries, with 90 percent of the exports consisting of processed goods. Compared to last year, the export volume increased from $565 million to $581 million,» noted Almaty region governor Marat Sultangaziyev.

Furthermore, leading global companies are being attracted to increase the region’s production volumes. Agreements have been signed with foreign investors to implement joint projects in metallurgy and infrastructure. Overall, the inflow of investments into the Almaty region’s economy is growing. Since the start of the year, the volume of attracted funds has increased by 22.5 percent, reaching 778 billion tenge.