Almaty to attract two trillion tenge of investment by end of 2024

Almaty to attract two trillion tenge of investment by end of 2024

Today, Almaty mayor Yerbolat Dossayev informed Kazakh President Kassym-Jomart Tokayev about the preliminary results of the city’s socio-economic development. In the first half of 2024, investments in fixed assets in Almaty reached nearly 715 billion tenge, marking a 15 percent increase. Private investors allocated funds to sectors such as manufacturing, transportation, healthcare, and IT. According to Dossayev, a total of two trillion tenge is expected to be invested in the city’s economy by year-end. The Head of State has instructed to focus on developing the manufacturing sector and further increasing revenues by expanding the share of small and medium-sized businesses as part of Almaty’s economic diversification efforts.