On Saturday, May 27, Prime Minister of Kazakhstan Alikhan Smailov held a meeting of the Investment Headquarters, which reviewed the pace of attracting investments in fixed assets (IOC) and foreign direct investment (FDI), reports DKNews.kz .
According to the Minister of National Economy Alibek Kuantyrov, the total volume of IOC in January-April of this year amounted to 3.8 trillion tenge, which is 18% more than in the same period of 2022. Mining and manufacturing, real estate operations, transport and warehousing, and agriculture are leading among the industries according to this indicator.
The national target indicator for January-April has been reached. Regionally, 12 out of 20 regions have fulfilled and exceeded their plans. Among them are Turkestan (148%), Kyzylorda (137%), Karaganda (122%), Mangystau (122%) and Akmola (116%) regions. Among the central government agencies, the Ministries of Health (167%), Education (153%), Science and Higher Education (152%), trade and integration (143%), Agriculture (116%), ecology and Natural Resources (108%) exceeded their plans.
The Prime Minister stressed that according to the results of 4 months, most regions and central government agencies have met the indicators for the IOC, but 8 regions have not reached the target indicators. The outsiders are the regions of Ulytau (52%), Abai (64%) and Zhambyl region (65%).
“Ulytau and Zhambyl did not fulfill the annual plan for the IOC last year either. At the previous meeting of the Investment Staff, the akims of these regions promised that they would correct the situation this year. But, as we can see, your regions are in the last places among all the regions” Alikhan Smailov
Akim of the region Abai Nurlan Urankhaev, Governor of the Zhetisu region — Beibit Isabayev, Zhambyl region — Nurzhan Nurzhigitov, Karaganda region — Ermaganbet Bulekbayev and Deputy akim of the region Ulytau Ulantai Usenov made reports on the measures taken.
After hearing the speakers, the Head of Government stressed that according to the results of the first half of the year, appropriate measures will be taken against officials in charge of investment issues.
Alikhan Smailov also noted the weak work in the part of the IOC by the Ministries of Culture (62%) and digitalization (61%), indicating the need to increase the number of projects in the IT sector, as well as strengthen the work to attract investment in the tourism industry.
Minister of Culture and Sports Askhat Oralov and Vice-Minister of Digital Development, Innovation and Aerospace Industry Askar Zhambakin made comments on these issues.
The Prime Minister stressed that the Government faces the task of bringing the level of IOC this year to 18.5 trillion tenge. In this regard, regions and departments need to organize proactive work to attract investments in fixed assets, taking into account the backlog.
The meeting also reviewed the results of work on attracting foreign direct investment over the past year.
According to Deputy Foreign Minister Almas Aidarov, their inflow amounted to $28 billion, which was a record figure for the last 10 years. The commissioning of 199 investment projects in key sectors of the economy for 2.3 trillion tenge has been ensured. In 2023, it is planned to launch another 281 projects worth 1.9 trillion tenge.
The TOP 10 investor countries last year included the Netherlands, the USA, Switzerland, Belgium, Russia, South Korea, China, France, Great Britain and Germany.
Alikhan Smailov noted that the Head of State has set the Government the task of attracting $150 billion of FDI by 2029.
“This year we must attract at least $24 billion of foreign capital to the national economy. Ministers and akims should take the necessary measures to implement new and high-quality investment projects with the participation of foreign capital in priority sectors of the economy” Alikhan Smailov
In addition, the participants of the meeting considered problematic issues in the implementation of large projects with the participation of foreign investors. Following the discussion, Alikhan Smailov instructed the responsible government agencies and organizations to take comprehensive measures to address them.
A source: https://e-cis.info/news/567/109410/
