Astana plans to launch 170 new investment projects in the industry worth one trillion tenge ($2.2 billion) this year, said Prime Minister Alikhan Smailov at an April 19 meeting on the country’s socio-economic development chaired by President Kassym-Jomart Tokayev,
Astana Times reported.“We are working on a nationwide pool of 873 investment projects worth 28.1 trillion tenge ($62.1 billion). At the same time, 24 foreign companies have moved to Kazakhstan, while 43 more are in the process of relocation. 170 new investment projects in the industry would create around 15,000 new jobs,” said Smailov.
Sanctions, the breakdown of supply chains, rising inflation, and food prices have had a major impact on the global economic slowdown.
Kazakhstan’s economy has adapted to these adverse external conditions, said Smailov, maintaining its steady economic growth. In the first three months of this year, economic growth reached 4.9 percent.
