Capital investments in Almaty expanded by 35.6% in the first four months of the year.
Almaty stands strong as a noteworthy economic heavyweight among Kazakh cities, with investment activity escalating impressively. This vibrant city aims to draw a staggering 2.2 trillion tenge in basic capital investment by 2025.
Let's break down the investment surge Almaty has witnessed. According to the latest reports from the Almaty city economy department, the city's investment volume surged by 35.6% in January-April of the current year, compared to the same period last year. This growth suggests a prosperous economic climate and increasing investor confidence.
The sectors that have attracted the most investment include education, financial and insurance activities, water supply and wastewater treatment, tourism, real estate operations, electricity and heat supply, and transport and warehousing. Notably, the education sector has experienced a whopping seven-fold increase in investments - a testament to the city's commitment to improving its educational infrastructure.
It's clear that Almaty is on a trajectory to emerge as one of the primary drivers of investment growth in Kazakhstan. This growth is likely to be influenced by the Kazakhstan government's broader investment strategy, which emphasizes sectors like extractive industries (mining and hydrocarbons), infrastructure development, non-extractive sectors (retail trade, manufacturing, telecommunications, and financial services), manufacturing and agro-industrial projects, renewables, and digital infrastructure. Almaty's financial and commercial importance makes it a likely candidate for growth in these sectors.
So, buckle up and witness Almaty strut its stuff as it continues to flourish and cement its position as an economic powerhouse in Kazakhstan!
- The surge in investment in Almaty is not limited to traditional sectors; technology-driven fields such as finance and digital infrastructure are also attracting significant investment, positioning the city as a hub for modern business.
- As Almaty advances in various sectors, including education, real estate, and renewable energy, it's possible that the city's strategic investments in technology and innovation will play a pivotal role in the future of its economy and overall business landscape.
