Kazakhstan to Allocate $35 Billion to Foster Development in Four Western Regions

27.01.2022, 14:19 inbusiness.kz

“As fuel price protests broke out first in western Kazakhstan, it means some problems such as employment have become acute in these regions,” said Kazakh President Kassym-Jomart Tokayev at the Jan. 11 meeting of the Majilis, the lower house of Parliament. He noted that systemic industrialization, support of small and medium businesses, and the development of the service sector in these fields are a national priority rather than a regional one. By 2025, 175,000 jobs are expected to be created and around 13 trillion tenge (US$30 billion) of private investment are to be attracted to four regions. The plan for the Aktobe Region includes the implementation of 92 projects totaling 1.7 trillion te