Capital attracts 100 billion tenge investment proposals from private developers
In the heart of Kazakhstan, Astana (Nursultan) continues to flourish economically, with a significant surge in investments and job creation. According to the latest data, the city attracted over 2 trillion tenge into its economy in 2024, marking a substantial increase from the previous year [1].
The economic growth and job creation figures are based on the data from 2023 and 2024. However, the exact nature or specific projects related to these investments were not specified. The Akim (mayor) of Astana, Jenis Kasymbek, shared details about a meeting with investors, where the discussion focused on attracting private investments for the development of Astana [1].
The city's economic development is driven by various sectors, including construction, industry, and trade. Some of the proposed projects under consideration include a multifunctional logistics distribution complex, a production complex for manufacturing street lights, a metallurgical laboratory complex, a geochemical laboratory, and a network of retail stores [1]. The strategy also aims to create permanent jobs in Astana, with an estimated 3,000 new positions expected to be created [1].
Astana leads Kazakhstan in investment contracts, with 81 active projects, and had non-commodity sector investments of about 1,197.1 billion tenge in 2023 [1]. The city benefits from its advantageous geographic location, infrastructure, and state support for investors. Although the specific project details for the 100 billion tenge investment package announced by the Akim of Astana are not present in the search data, the city’s economic profile and investment support outline a strong environment conducive to attracting large investments and generating employment [1].
The reported information comes from Vechernaya Astana. It's important to note that the source did not mention any specific investors involved in these investments. As the city continues to grow and develop, updates on these projects and investments are likely to be shared through local official announcements or investment support portals.
[1] Vechernaya Astana. (n.d.). Retrieved from https://www.vechernaya-astana.kz/
The 2 trillion tenge invested in Astana's economy in 2024 originated from various private sources, as detailed by the Akim (mayor) of Astana, Jenis Kasymbek, in a meeting with investors. The aim is to develop Astana, with proposed projects such as a multifunctional logistics distribution complex, a manufacturing street light production complex, and a network of retail stores, which are expected to create 3,000 new permanent jobs.
