$27.6 billion invested into construction of Astana in the last 16 years

Almost $27.6 billion has been invested into construction of Astana, Kazakhstan’s capital city, for 16 years, enabling successful implementation of the Master Plan, a Tengrinews.kz journalist reports, citing Imangali Tassmagambetov, the City Mayor, as saying at the V International Investment Forum.

“Attraction of investments into the City has been a prime priority, enabling the City to reach self-reliance in a short period. The population of the city has tripled for the period, with the GDP growing more than 54 times. The share of Astana in the nation’s GDP has grown 6 times”, Mr. Tassmagambetov elaborated.

According to the Mayor, since Astana became the capital city 12 million square meters of housing have been constructed, with 6 million of the figure being constructed for the recent 4 years.

“Investments have been bolstering industrial development of the city. It is of paramount importance that the city has seen new industrial enterprises launched, with the overall production standing at $0.5 billion last year”, he emphasized.