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Investment Ministry: Over 500 billion tenge was invested in housing construction

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Today’s meeting of the Government of the Republic of Kazakhstan chaired by Prime Minister Bakytzhan Sagintayev covered the results of socio-economic development for the six months of 2018.

According to Deputy Minister of Investments and Development Kairbek Uskenbayev, in the first half of this year the volume of industrial production grew by 5.2%, including mining by 5.5%, processing by 5.2%. The increase in industrial production is observed in 14 regions.

In the processing industry, growth in the metallurgical industry is observed at 3.4% (ferrous – by 5%, non-ferrous � by 2.1%), in the chemical industry � 11%, in machine building – 17.2%, in construction materials – 2.2%, in light industry – 2.3%, � the Deputy Minister said.

K. Uskenbayev noted that the preservation of prices for basic base metals at the level of last year favorably affects production volumes. With regards to the transport complex, the target indicator was achieved, the volume index for the period January-June was 104.9% (plan for 2018 – 104.8%).

According to the Ministry of Investments and Development, in the first half of the year the total volume of container transportation through Kazakhstan amounted to 206 thousand containers and grew by 40% compared to the same period last year.

Along the route PRC-EU-PRC this indicator amounted to 101 thousand containers and grew by 38% compared to the same period last year, � K. Uskenbayev said.

The index of physical volume for construction was 103.8%. The main share of the positive rate falls on North Kazakhstan (167.1%) and East Kazakhstan (139.8%) regions.

Thus, 513.4 billion tenge was invested in housing construction, which is 28.4% higher than last year’s level. 5.8 million square meters of housing were put into operation (which is 104.8% compared to the same period in 2017). The percentage of housing construction completion to the annual plan was 47%, with a plan of 12.1 million m�. Altogether, 49 667 units of dwellings were commissioned in the Republic, of which 20 532 are detached houses, � Uskenbayev summarized, stressing that in general in the context of the country the annual target indicator will be met.

Source: Government of the Republic of Kazakhstan

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