128 billion tenge — result of investment forum in NKR

Today in Petropavl a large-scale International Investment and Construction Forum “Qyzyljar Investment Forum - 2024” took place, in which representatives of national companies, financial institutions, business associations, domestic and foreign enterprises took part.

Today, about 15% of the region’s economic structure is occupied by industry. North Kazakhstan enterprises produce products for the oil and gas and energy industries, electrical products, and agricultural machinery.

The volume of industrial production in the region last year amounted to 647.6 billion tenge, of which 84% was the manufacturing industry. The locomotive of economic development in North Kazakhstan is agriculture. The region occupies one of the leading positions in the country. The share of gross agricultural output in the total production volume of the republic is more than 10%. Today, work is actively underway to diversify the agricultural sector by creating the “Dairy Belt of the country.” Every second dairy farm in Kazakhstan is built in the North.

Meanwhile, work on the transition to an industrial-agrarian economy continues actively. Over the past 3 years, 15 new companies with foreign participation have come to the region.

An additional motivation for investors is the Qyzyljar Special Economic Zone. This is the youngest SEZ in the country, on the territory of which 4 companies successfully operate and produce their products: the German concern for the assembly of agricultural machinery "Claas", the Petropavlovsk Electrical Engineering Plant, the Kaztekhmash Machine-Building Plant, the production of trailed and mounted equipment "Reimann".

At the same time, another 16 SEZ participants began implementing their projects, creating over 3 thousand new permanent jobs. All this indicates the high investment attractiveness of North Kazakhstan.

Special attention at the “Qyzyljar Investment Forum - 2024” was paid to the construction sector. Since 2021, the volume of construction work has increased by 67%. The General Plan was approved, the detailed layout of the regional center was determined. The region is ready to accept investors for the construction of modern commercial housing and the construction of social facilities.

As a result of the forum, agreements were reached with a number of companies. We concluded 14 memoranda of cooperation for a total investment of more than 128 billion tenge.