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Prime Minister of the Republic of Kazakhstan Askar Mamin hosted a meeting of the Investment Headquarters

The meeting of the Investment Headquarters, chaired by Prime Minister Askar Mamin, took place to consider the final indicators of work on attracting investments for January-April 2021.

The Minister of National Economy Asset Irgaliyev reported that for 4 months of this year the volume of investments into the fixed assets, excluding the mining industry, showed a 32.3% increase.

The Minister stressed that along with the economy of the Republic of Kazakhstan being on the path of recovery, and based on the results of 4 months of this year, we found high growth rates of investments into the fixed assets in the processing industry (112.8%), agriculture (66.1%), construction (72.4%).

One of the most significant factors in the recovery of the national economy was the performance in the service sector. According to the results of January-April of this year, for the first time in the last 12 months, the growth rates in the service sector showed positive dynamics.

Taking into account the above stated dynamics, we see high rates of investment inflow into the fixed assets in the industries, such as - trade (28.3%), transport and warehousing (27.6%), financial and insurance activities (28.6%), real estate transactions (27.5%), education (10.3%), arts, entertainment and recreation (30.9%), as well as information and communication (61.2%).

15 regions and cities of republican importance have achieved positive growth rates of investments into the fixed assets. The leaders are the cities of Almaty (+ 47.9%) and Nur-Sultan (+ 31.7%), Turkestan (+ 42.6%), Zhambyl (+ 30.4%), Karaganda (+ 22.9%), North Kazakhstan (+ 16.7%), Kostanay (+ 11.6%) and Kyzylorda (+ 6.1%) regions. West Kazakhstan (-40.2%) and Atyrau (-37.8%) regions are lagging behind.

Taking into account the recovery dynamics of the global market capital and the growth of the investment attractiveness of the national economy, this year it is planned to ensure an increase in the gross inflow of foreign direct investment at the level of 11% - up to $ 19 billion.

A pool of investment projects of Samruk-Kazyna JSC was considered at the meeting. The CEO of the Fund Almasadam Satkaliyev highlighted that as of December 31, 2020, the investment portfolio of Samruk-Kazyna JSC consists of 203 projects in the amount of KZT73 trillion, taking into account the shares of partners.

Currently, within the framework of the state and sectoral programs, such large investment projects are being implemented as the construction of a Polyethylene Production Integrated Gas Chemical Complex in Atyrau, the Beineu - Bozoi - Shymkent Gas Pipeline, infrastructure facilities of the NINT FEZ, restoration of Block 1 of the Ekibastuz HRES - 1, modernization of the technology of mining, transportation, homogenization and loading of coal at the Bogatyr Open Pit, construction of a Wind Plant in the Shelek corridor and others.

In 2021-2026, the Fund intends to implement large infrastructure projects to modernize gas pipelines in Mangistau region, to gasify the Almaty Energy Complex, increase and reconstruct the Ekibastuz HRES-2, the projects in the renewable energy sources and others.

As part of measures to ensure the self-sufficiency of the national economy in building materials, it is planned to implement such investment projects as the construction of plants to produce sanitary ware, heaters, ceramic tiles, floor coverings, etc.

“It is necessary to take comprehensive measures to implement the planned investment projects and ensure a further increase in the volume of attracting investments. Samruk-Kazyna Fund needs to focus on investing in large projects in the energy, oil and gas chemistry, transport and logistics and other strategic sectors, which will have a multiplier effect on the development of the economy,” Askar Mamin said.

The meeting approved the target indicators to attract foreign direct investment in 2021-2025 for local executive agencies.