Karaganda Region's Economy Booms With 4.5 Trillion Tenge Investment, 20,000 New Jobs
The Karaganda region is witnessing a significant economic boost, with a pool of 120 investment projects worth 4.5 trillion tenge set to generate 20,000 new jobs by 2030. This follows a 7% increase in industrial output to 3.2 trillion tenge in the first eight months of the year.
JSC Qarmet, a key player in the region, invested 110 billion tenge in modernization, leading to a 6% increase in cast iron production, a 6.9% rise in steel output, and a 5% boost in rolled products. The company also completed the first stage of its transition to natural gas, with coal production surging by 15%. President Kassym-Jomart Tokayev has instructed the enterprise to ensure stable heat supply and industrial safety.
The region's manufacturing sector has seen its share in the gross regional product rise, with metallurgy, machine building, agriculture, light, and food industries all experiencing increased production. The region plans to carry out 29 investment projects worth 195 billion tenge this year, creating over 2,700 new jobs. Major projects in agriculture aim to reduce the region's dependence on food imports, including the construction of two dairy farms. Investment in fixed capital grew by 11.1% to 644.7 billion tenge.
The Karaganda region's economy is thriving, with significant investments, increased production, and job creation. The region's commitment to modernization and diversification is expected to further boost its economic prospects.
Read also:
- Germany Uncovers 32 Suspected Social Security Fraud Cases in Hotel and Catering Industry
- Manufacturing Under Siege: State-Sponsored Hackers Target Intellectual Property
- Chile's $10B Green Energy Project Threatens World-Class Observatory
- Elon Musk Acquires 26,400 Megawatt Gas Turbines for Powering His AI Project, Overlooks Necessary Permits for Operation!
