1/3 of the total investment in Kazakhstan goes to the mining industry

International Business News – According to the statistics of Finprom website, in January-August this year, Kazakhstan’s mining sector attracted 2.7 trillion tenge of investments in fixed assets, which is 16.1% more compared to the same period last year (IFO-110.1%), of which 85% of the funds went to the oil and gas production sector.

Sources say that 1/3 of all investments in Kazakhstan go to the mining sector, with oil and gas producing regions attracting 85% of investments in this sector.

Data show that from January to August this year, the total investment in the mining sector amounted to 2.7 trillion tenge, which is 16.1% more than in the same period last year. Among them, Atyrau oblast attracted 1.6 trillion tenge, Aktobe oblast 335.9 billion tenge, Mangoset oblast 198.6 billion tenge, and Siha oblast 175.3 billion tenge of funds.

About 90% of the investment in fixed assets in the mining sector comes from the companies’ own funds. In the first eight months of this year, this investment amounted to 2.4 trillion tenge, which is 9.2% more than in the same period of 2021.