Over 1 trillion tenge invested in Nur-Sultan

Over 1 trillion tenge (US$2.2 billion) was invested in Nur-Sultan this year. 80 percent of them are private investments, the rest is state budget funds. This was announced in the Investment development city center “Astana Invest”. The volume of industrial production in the city grew by 14 percent. Positive changes are also observed in retail turnover, the growth exceeded 7.7 percent in comparison with last year. Despite the quarantine restrictions, the number of operating small and medium-sized business entities increased to more than 161,000. This, in turn, led to the rise in domestic production.

“We are at the second place in Kazakhstan in terms of investments in fixed assets, because Atyrau region ranks first, where the chevron oil and gas project is currently developing very actively. But if we take the non-raw materials sector, then Nur-Sultan is directly in the first place with 893 billion tenge (US$2 billion) of investments in non-raw capital over 11 months, which is a very good indicator. We are also the leaders in terms of the share of SMEs in the gross regional product. We reached 74 percent in the first six months, which is comparable to other cities leading in SMEs,” said Zhanbolat Kakishev, Chairperson, Astana Invest.

Translation and editing by Saniya Sakenova