Kazakhstan’s manufacturing industry attracts over one trillion tenge of investment

Kazakhstan’s manufacturing industry attracts over one trillion tenge of investment

1.27 trillion tenge of investments were attracted into the fixed capital of the manufacturing industry over the past nine months. In terms of sectors, a 2.5 times growth of investments has been recorded in the light industry with more than 11 billion tenge, a 4.5 times growth in furniture production with 14 billion tenge, as well as in the production of rubber and plastic products with up to 81 billion tenge, as reported at the meeting of the investment headquarters. Positive dynamics in fixed capital investment is observed among companies producing beverages, paper and food products. This year it is planned to launch 170 projects worth an investment of one trillion tenge. The largest of them are enterprises for the production of household appliances and special coke as well as a sludge processing plant. To date, 65 projects worth 200 billion tenge have already been commissioned. At the same time, some regions have postponed the implementation of investment projects to a later date due to the limitation of businesspeople’s own capital, infrastructure provision and land issues. Kazakh Prime Minister Alikhan Smailov emphasized that the country’s Ministry of Industry and Construction should carry out more coordination work. In addition, there are regions where investment volumes are growing, and the implementation of successful projects brings results, Smailov noted. Particularly, these are the Turkistan, Kyzylorda, North Kazakhstan and Zhetisu regions, as well as the city of Astana.