Investment boom and tourist attractiveness: Almaty region interests global giants

The Almaty region is becoming a magnet for transnational companies and tourists, demonstrating impressive investment growth and the development of the tourism industry.

Today, large projects of several transnational companies are being implemented in the region, including global giants such as PepsiCo, KT&G, TechnoNicol, and many others.

These companies have invested over $500 million in the region's development.

At the same time, the Almaty region has seen a significant growth in financial indicators, with one of the main drivers of economic development being the manufacturing industry, which accounts for over 90% of the total industrial output and is the highest indicator in the country.

Two-thirds of the volume is accounted for by the production of food products, beverages, and tobacco products.

100% of the country's tobacco products, 80% of vegetable juices, 60% of beverages and ice cream, 80% of gypsum board, 57% of wine, 43% of sandwich panels, 25% of steel pipes and profiles are produced in the Almaty region.

Great attention is also paid to the development of other sectors of the economy, for example, in 2023, the region was visited by more than 1.5 million tourists, indicating high tourist potential.

Also, the volume of investments attracted in tourism development has increased by 33% and amounted to 60 billion tenge.

This year, the largest tungsten ore deep processing plant in Kazakhstan is being launched in the region, which will further strengthen the industrial potential of the region.

The investment attractiveness of the Almaty region has significantly increased. In 2023, the region's economy received $1.6 billion in investments, which is 10.7% more than last year. Private investments grew by 14.7%, while foreign direct investments increased by almost 30%, reaching $880.2 million. Half of them are directed to the manufacturing industry.