President Tokayev assesses investment potential of Aktobe region

President Tokayev assesses investment potential of Aktobe region

This year, a total of 19 major projects are set to be launched in the Aktobe region, as reported to Kazakh President Kassym-Jomart Tokayev during his working trip there. Besides, several investment and infrastructure projects are being developed. For instance, preparation of the design and estimate documentation for the Aktobe-Karabutak-Ulgaisyn highway is now underway. There are also plans to commission the third line of the main gas pipeline Bukhara-Ural in Aktobe. The Head of State was informed about the completion of the modernization of gas cleaning systems in the smelting shops of the ferroalloy plant as well. President Tokayev instructed to expedite the resolution of environmental issues in the Aktobe region.

Overall, around 805 billion tenge in investments have been attracted to the Aktobe region from the start of the year, which is 8.2 percent higher compared to the same period in 2022. The majority of investments are directed toward the manufacturing industry and the extraction of metal ores. In addition to large infrastructure projects and plants, the Auyl Amanaty program is now being successfully implemented in the region. Since the beginning of its launch, farmers have been issued loans worth 6.6 billion tenge, with an additional 12.5 billion tenge in September this year. As part of the program, mini-greenhouses were built, confectionery shops and a bakery, dairy and meat processing facilities were put into operation.

“The Auyl Amanaty program has proven its effectiveness. Thus, we will continue to promote it to ensure success for as many rural residents as possible. We will provide all necessary support measures, with particular emphasis on small and medium-sized businesses,” said the Kazakh President.