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Alikhan Smailov held a meeting of the Investment Headquarters

The meeting of the Investment Headquarters, chaired by the Prime Minister of the Republic of Kazakhstan Alikhan Smailov, considered the outcomes of the implementation of target indicators on attracting investments for 2021 and plans for 2022.

The volume of investments into the fixed assets in 2021 amounted to KZT13.2 trillion, which is 7.3% more compared to 2020. Non-raw-materials sectors of the economy have become the key locomotives for investment growth. Thus, the indexes of actual volume of investments increased in the processing industry by 1.4 times, in construction - by 1.2 times, and in agriculture - by 1.3 times.

In the processing industry, the highest growth rates were achieved in metallurgy (+27%), textile production (+28%), pharmaceuticals (+39%), chemical industry (+55%), mineral products (+100%).  

The annual plan for attracting investments into the fixed capital in the Republic was performed by 94%. Target indicators were surpassed in Shymkent (115.5%), Aktobe (101.8%) and Kostanay (101.3%) regions. Slight underruns are observed in Karaganda region (99.9%), Almaty city (99.8%), Atyrau (99.1%), Zhambyl (97.4%), Pavlodar (96.2%) regions, Nur-Sultan (96.1%). Noticeable non-fulfillment of the plan was recorded in East Kazakhstan (92.1%), Mangystau (90.8%), Almaty (89.7%), Akmola (89.4%), Turkestan (82.5%) and North Kazakhstan (80.4%) regions.

The worst indicators are observed in West Kazakhstan (69.6%) and Kyzylorda (66.4%) regions. Deputy akims of these two regions, on behalf of the Prime Minister, will be brought to disciplinary responsibility.

According to the results of 9 months of 2021, the volume of foreign direct investment in the economy of the Republic of Kazakhstan increased by 49% and amounted to $18.7 billion. There is an increase in capital inflows in almost all major countries-investors in the economy of Kazakhstan. The top 10 investor countries are the Netherlands, the USA, Switzerland, China, Russia, the UK, Belgium, Turkey, South Korea and France.

“Lame-duck regions should pay attention to the need for strict adherence to established KPIs. Akims will bear personal responsibility for failure to achieve target indicators. State agencies and Akimats should continue to work on a systematic basis to attract domestic and foreign investments,” A. Smailov said.