Akmola Region experiences 106 percent economic growth in first three quarters of 2019 

NUR-SULTAN – The Akmola Region achieved 106 percent in economic growth in the first three quarters of 2019, said Akim (Governor) Yermek Marzhikpayev at the Oct. 28 Central Communication Service press conference.

Yermek Marzhikbayev. Photo credit: 24.kz.

“In the region in many areas of activity, according to the results of nine months of this year, positive results were achieved. The main indicator, which is short-term economic growth for the reporting period, amounted to 106 percent (fourth place in Kazakhstan). The growth was ensured first, due to the sectors of the real sector – in industry, growth of 102.4 percent; in agriculture, 106.5 percent and in construction, 118.1 percent. The volume of investments received in fixed assets in the Akmola Region increased 9.5 percent compared with last year. At the same time, the share of private investment increased up to 82 percent,” he noted.

Industrialisation remains the key to economic diversification, with 60 industrial projects currently being executed in the region. The new projects are expected to contribute approximately 400 million tenge (US$457,778) to its economy and create 3,500 new jobs. Nineteen are included in the industrialisation roadmap.

The agro industrial complex is another driver of the region’s economy, said Marzhikpayev. Despite adverse weather conditions, Akmola’s gross grain harvest was five million tonnes, with an average yield of 11.5 hundredweights per hectare.

In animal husbandry, the region has the country’s largest potential for livestock feeding. Maintaining up to 32,000 head of cattle at one time has been achieved by increasing feedlot capacity by 10,000 head.

Developing the Shchuchinsk-Borovoye resort area is among the akimat’s (administration) priorities, due to the significance of tourism. Construction is underway on three projects – AQBURA Resort, a modern family-type complex; a cottage town on Lake Shchuchye involving United Arab Emirates investors, and the village Promenade project. 

Tourism will receive new impetus once the the Shchuchinsk-Zerenda highway connecting the two large vacation areas is built. Repairing roads, water and heat supply networks as part of the Auyl-El Besіgi special project is planned next year at Zerenda resort.