Almaty region reaches 9% economic growth in 2024

Since the year’s beginning, Almaty region has secured 778 billion tenge investment, while achieving a 109.1% growth in its short-term economic indicators, governor Marat Sultangaziyev said at a press conference, Kazinform News Agency correspondent reports.

This year’s key task was to implement the President’s instruction to reach the target of 6% economic growth. As a result of the measures taken, the region achieved a 109.1% growth in its short-term economic indicators in 11 months; an upward trend was ensured in all main sectors. The region’s intensive economic development is attributable to major investment flows. This year, 778 billion tenge worth of investments have been funneled in the region, 22.5% more compared to last year, said Sultangaziyev.

Almaty region’s governor highlighted that growth in investments is a significant contributor to cooperation with the neighboring countries, leading to expansion of the geography of export.

Presently, Almaty region exports products to 63 countries, with processed goods accounting for 90% of the region’s exports. The region’s total exports have totaled 581 million US dollars, up from 565 million US dollars last year.

Almaty region has also boosted manufacturing by 6.9%, trade by 13.2%, construction by 20.6% and transport services by 21%.