The number of SMEs is growing in Almaty

For the first half of this year. SME product output in Almaty increased by 28.4% to 5.5 trillion tenge. In January-September, the number of operating SMEs increased by 6.2% to 361.1 thousand units. This was reported by the city economics department. According to their forecasts, Almaty’s budget for 2025 will increase by 20% to 2.1 trillion tenge.

“To support SMEs in 2024, 53.1 billion tenge was allocated from the state budget for subsidies, guarantees and loans. Over the 9 months of 2024, 1.7 thousand new SME projects received support for a loan amount of 113.1 billion tenge, and more than 2 thousand projects approved in previous years continue to receive support in the form of subsidizing part of the interest rate,” the economics department reported. 

This helps to increase the share of SMEs in Almaty’s GRP to 60% in 2024, and to 62% in 2025. For the first quarter of 2024, the share of SMEs was 55.2%.

As noted by the Almaty Department of Economy, 87 investment projects are being implemented at the sites of the Industrial and Special Economic Zones for a total amount of 452 billion tenge. In 2024, 40 projects worth 220 billion tenge will be commissioned with the creation of 4.5 thousand new jobs.