Investments in Kazakhstan’s economy will increase, the Kazakh officials forecast. The government has prepared a list of 145 investment projects worth more than US$47.5 billion that are to be realized in the coming years, Kazakh TV reports. These projects will help to create 35,000 new jobs. According to Kazakh Minister for Investment and Development Zhenis Kassymbek, Kazakhstan is considering new areas of cooperation with Russia, Turkey and China. ''51 projects worth US$27.7 billion are realized as part of the Kazakh-Chinese cooperation. Currently, four projects worth US$140 million have been launched. Under this program for 2018, 11 projects are under construction. Out of which we are planning to commission six projects worth US$363 million,'' the minister said.
The most attractive industry for investors is the oil and gas industry. During the years of the republic’s independence, the oil and gas industry has attracted US$200 billion. Investments in the development of three deposits like Tengiz, Kashagan and Karashyganak have amounted to nearly US$121 billion.
''Currently, at these three large sites projects to expand production worth US$42.3 billion have been implemented of which US$36.8 billion were invested in development of the Tengiz field. The project for gas processing and expansion of new facilities in Kashagan is worth US$2 billion. US$1.6 billion will be invested in the oil production project in Karashyganak,'' the Minister of Energy, Kanat Bozumbayev said.
Reported by Vestnik Kavkaza.
