Astana attracts nearly one trillion tenge in investments since start of 2023

Astana attracts nearly one trillion tenge in investments since start of 2023

Investments in the Kazakh capital continue to grow. Over the past three years, the total volume of investments in Astana has exceeded 3.5 trillion tenge. In the first nine months of 2023 alone, the figures reached a record 960 billion tenge, marking a 105 percent increase compared to 2022. There is also a positive trend in attracting foreign investments. Since the beginning of the year, their share has increased by nearly 80 percent to $794 million. Overall, more than $4 billion has been invested over the past three years. It bears noting that Astana ranks second in investment in the non-oil sector of the economy and third in investment in fixed capital. The primary sectors attracting business investments are logistics and construction industries. In general, the Kazakh capital maintains a favorable investment climate for capital inflow. The Astana Development Center provides comprehensive support to entrepreneurs on a one-window basis.

“Since March of this year, the Astana Development Center has been designated by the local administration as a regional organization in the field of investment attraction. The main functions of our center include supporting investment projects during their implementation and facilitating interaction between investors and government agencies. We offer guidance on state support measures and assist investors in obtaining permits. The portfolio of our companies includes 170 investment projects totaling 1.7 trillion tenge,” said Yerlan Yerzhanov, Deputy Chairman of the Astana Development Center.