West Kazakhstan region records 13.6% economic growth, $1.9bn investment

Kazakhstan's West Kazakhstan region increased gross regional product by 13.6% over three years to $10.8bn, while investment reached $1.9bn and a $3.7bn gas processing plant is set to begin construction at the Karachaganak field.

2 min read3 065 views0 comments0

Kazakhstan's West Kazakhstan region increased its gross regional product by 13.6% over three years to KZT 5 trillion ($10.8bn), while investment reached KZT 874.5bn ($1.9bn) last year, President Kassym-Jomart Tokayev was told during a meeting with regional governor Nariman Toregaliev.

Toregaliev presented a report on the region's socioeconomic development and the implementation of previously issued presidential instructions. A major project is expected to begin soon at the Karachaganak field, where a gas processing plant with annual capacity of 5bn cubic meters is planned. The project is valued at KZT 1.7 trillion ($3.7bn).

The region also plans to begin construction of a new bridge across the Ural River by the end of the year. Over the past three years, 121 new social facilities worth a combined KZT 138bn ($297.7mn) have been built in the region.

Source: Akorda

Authorities also reported that 1,542 kilometers of roads have been repaired. Reconstruction is underway at the Syrym automobile checkpoint on the Kazakhstan-Russia border, while a similar project is planned to begin next year at the Taskala checkpoint. Four newly built or modernized railway stations have also been commissioned.

Agricultural output reached KZT 320bn ($690.2mn) last year. Since the launch of the Auyl Amanaty program, 1,414 projects have received financing, creating nearly 2,000 jobs.

Under the regional “From City to Village” program, more than 1,000 people have relocated to rural areas. All 218 participating families have been provided with housing and social support.

Tokayev instructed the regional administration to continue developing the economy, accelerate the modernization of communal infrastructure and improve living conditions for residents. The Karachaganak gas processing plant is among the region's largest planned investments and is expected to further strengthen its role in Kazakhstan's energy sector.

Telegram channel@daryo_engSubscribe

What do you think?

Write your comment first. Verify your account when you send it.

Related stories