Investments in Kazakhstan’s capital economy on rise

Investments in Kazakhstan’s capital economy on rise

Investments in the economy of Kazakhstan’s capital are growing. By the end of the first half of 2024, 632 billion tenge was attracted, which is 13 percent more compared to the same period last year. In total, over 1.6 trillion tenge was invested in 2023. Positive dynamics is also observed in attracting private investments, which have grown by almost 14 percent. According to Astana Invest, this indicates a high level of confidence in the city’s investment climate.

«We have investors in construction and industry. On average, the implementation of projects takes about two years, and we expect to reap the benefits of these investments in 18-20 months,» said Sabit Mukhamedzhanuly, deputy chairman of the city investment development center.