Capital receives investment offers worth 100 billion tenge from private entities
In a significant move for the city's economy, Astana, now known as Nur-Sultan, attracted approximately 2 trillion tenge in investments in 2024, surpassing the previous year's figure. This growth was highlighted by Akim Jenis Kasymbek, the city's mayor, who shared details about several significant investments and job creation projects.
The focus of these investments is on developing the city's infrastructure, technology, and industrial sectors. Kasymbek emphasised that these projects are expected to generate thousands of jobs across various industries, including construction, manufacturing, and services. This job creation is set to help reduce unemployment and improve the local economy.
The projects are strategically concentrated in sectors such as renewable energy, digital technologies, and urban development, aligning with Kazakhstan’s broader economic diversification goals. The mayor also underscored the importance of supporting Small and Medium Enterprises (SMEs) to stimulate innovation and employment. This support includes financial incentives and business support services.
To ensure sustainable growth and effective project delivery, the city administration is actively promoting partnerships between government and private investors. The meeting's focus was on attracting private investments for the development of the capital.
During a recent meeting, the investment staff reviewed several investor proposals, including projects for a multifunctional logistics distribution complex, a network of retail stores, a metallurgical laboratory complex, a production complex for manufacturing lighting poles, and a geochemical laboratory.
The total investment volume of these projects is around 100 billion tenge, with the development of private investments expected to create permanent jobs, approximately 3,000 in total. Akim Kasymbek instructed relevant departments to closely cooperate with investors and provide comprehensive support.
These initiatives are part of a broader plan to transform Astana into a modern, competitive city with a diversified economy and improved quality of life for its residents. Regular regional investment staff meetings are held to review and progress these projects, with updates often shared on the Akim's Instagram page.
The initiatives aim to stimulate growth in various industries, specifically construction, manufacturing, and services, by attracting investments in infrastructure, technology, and the industrial sector. The city's administration is actively promoting partnerships between government and private investors to deliver sustainable projects. A total investment volume of around 100 billion tenge is expected, creating approximately 3,000 permanent jobs and supporting Small and Medium Enterprises (SMEs) to foster innovation and employment.
