Investment volumes decreased in nine regions of the Republic of Kazakhstan
Innovation & Technology
Published Dec 7, 2023
The Ministry of Agriculture in Kazakhstan approved 877 investment projects totaling 2.7 trillion tenge for the period until 2025. However, an audit reduced this pool to 632 projects worth 1.4 trillion tenge. The main focus of the projects is on ensuring food security and import substitution, with a priority on irrigation, poultry production, storage facilities, and dairy farms.
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But the reduction in the pool of projects by almost half shows their complete lack of development and the attitude of some akimats to this issue,” the minister emphasized. According to information from Vice Minister Abulkhair Tamabek, in October 2023, an audit of the project pool was carried out, as a result of which 632 projects worth 1.4 trillion tenge were selected from the initial 877. The main criteria for investment projects were ensuring food security and import substitution. The main areas were irrigation, poultry production, construction of storage facilities and dairy farms. Also a priority were deep processing of meat, milk, grain and the development of industrial greenhouse farming. According to the vice minister, 154 projects worth 1.5 trillion tenge that are not provided with the necessary infrastructure, land and financial resources have been excluded. Abulkhair Tamabek noted the weak work of local executive bodies on the ground and the lack of interest in ...