In 2021, the city plans to implement 86 investment projects
By 2021, it is planned to implement 86 investment projects in Almaty with an amount of 362.1 billion tenge. Project investment has been attracted from three aspects, among which business owners’ funds accounted for 68.8%, borrowed funds accounted for 17.4%, and funds from the state budget accounted for 13.8%. A reporter from the Kapital.kz Business Information Center told Yerkebulan Orazalin, the head of the Almaty Department of Commerce and Investment, at a press conference.
According to him, in the first quarter of 2021, most of all investors invested in the development of five industries: real estate-82.9 billion tenge, transportation and storage-25.6 billion tenge, industry-15.1 billion tenge, and finance And insurance activities -14, 7 billion tenge and information communication-8.1 billion tenge. At the same time, despite restrictive measures due to the pandemic, investment inflows increased by 35% during this period to 191 billion tenge.
The person in charge of the department said: “The city has created conditions so that enterprises can make profits from investing.” “Entrepreneurs who invest in the city’s economy can rely on the support of the government.”
Therefore, this year plans to build a ballet theater in the city, the project is estimated to cost 18 billion tenge; the multi-functional hotel complex Jetisy, its construction investment will reach 10 billion tenge. It will also rebuild the shopping and entertainment center “Almaty” with an investment of 7 billion tenge.
The head of the Ministry of Entrepreneur and Investment also talked about the situation in the trade sector in Almaty. In this sector, the trade turnover in the first quarter was 2,984.1 billion tenge. Among them, the retail trade volume was 801.2 billion tenge. The head of the department said: “In Almaty, sales of computers, medicines, construction materials, automobiles, clothing and footwear have increased.” In addition, sales of construction materials increased by 5.4%, and sales of automobiles increased. 3.3%, sales of multiple commodities increased by 8.7%.
The pandemic has also promoted the development of online commerce: from clothing and sporting goods to household appliances and food. He said at the conference: “The restrictive measures during the pandemic have greatly accelerated the digital transformation and the transition to online sales, even for entrepreneurs who previously focused on offline demand.”
Wholesale trade is expected to grow, especially for non-food items.
“The main reasons for the impact on trade growth are the preferential measures for commercial facilities and seasonal demand for non-food items such as clothing and footwear. Therefore, retail trade is expected to grow by more than 4%, of which food is 1.6%. Non-food products are 5.2%.
He added that in order to prevent unreasonable price increases of socially significant products, the funds of the Stability Fund were increased from 8 tenge to 10 billion tenge, and the amount of “revolving” loans was increased from 7 tenge to 8.5 billion tenge. The Akimat Venture and Investment Department will strictly control the price stability of all socially significant commodities. Therefore, the established maximum price for the first type of eggs is 487 tenge per ten, and this measure will be effective before June 30 this year. The person in charge of the department said: “An agreement has been reached for the off-season “long-term” purchase of vegetables from 2021 to 2022 at a price of 2.5 billion tenge.
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