Investments in fixed assets grow in Kazakhstan

ALMATY (TCA) — In the 1st quarter of 2016 investments in fixed assets in Kazakhstan amounted to 1.157 trillion tenge, an increase of 15.7 percent in comparison with the 1st quarter of last year, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on its website.  

According to figures from the Statistics Committee of the Ministry of National Economy of Kazakhstan, major investments traditionally occurred in the mining industry (534 billion tenge), transactions with real estate (153 billion tenge), and manufacturing industry (143.7 billion tenge).

A significant increase in investments was recorded in such areas as wholesale and retail trade (from 1.4 percent up to 2.2 percent) and the mining sector (from 40.8 percent up to 46.1 percent).

Own funds prevailed in the structure of investments in fixed assets in the 1st quarter of this year. Their share was 65.1 percent of the total investment volume. However, there was a decrease in the share of public investment (from 8.3 percent down to 5.4 percent).

In the regional breakdown, more than half of the investments were directed to the oil-producing regions of Atyrau (34.6 percent) and Mangistau (8.1 percent), as well as to the cities of Almaty (7.4 percent) and Astana (7 percent).

The highest growth rate of investments in the 1st quarter 2016 compared to the same period last year was recorded in the Atyrau and West Kazakhstan regions.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
divider
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

View more articles fromTCA