400 investment projects worth 4.6 trillion tenge to be implemented in Kazakhstan in 2024 — Alikhan Smailov

In a briefing for the media after the Senate meeting, Prime Minister of Kazakhstan Alikhan Smailov spoke about the work to attract foreign direct investment in Kazakhstan and the implementation of new investment projects.

As noted by the Head of Government, the issues of attracting investment in the Republic is given priority importance, as it directly stimulates economic development.

"Last year we had a record for the past 10 years, the volume of foreign direct investment amounted to $28 billion. First of all, these investments went to the mining and metallurgical complex, manufacturing, trade, transport and financial sector," Alikhan Smailov said.

He also noted that at the end of the first half of the year, $13.5 billion of direct foreign investment has already been attracted.

"In any case, the level of $27-28 billion is a record level for Kazakhstan for the last 10 years. We intend to continue to support such high dynamics of attraction of investments. The Head of State sets a task before us to attract $150 billion of direct foreign investment until 2029," the Prime Minister announced.

According to him, for this purpose a large complex work will be carried out both at the level of the Government and at the level of local executive bodies.

"We have formed a pool of investment projects in non-resource sectors. Now it has 970 such projects for 32 trillion tenge. Next year we plan to implement 400 of them for the amount of 4.6 trillion tenge," Alikhan Smailov concluded.

#Alikhan Smailov #The Prime Minister of the Republic of Kazakhstan #Briefing #Economy #Investments #Media

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