Kazakh State Councilor Erlan Karin announced during a briefing for foreign journalists in Astana that the President of Kazakhstan has launched four major infrastructure projects for 2024. These initiatives aim to boost the country’s economy and promote growth. The first project focuses on the development of the road network, with plans to build and repair over 12,000 kilometers of roads. This project also includes the modernization of utility networks, such as heat sources and utility networks in a length of at least 6,500 kilometers.

Another key initiative is the launch of a new housing program to increase the volume of housing leases. Within this program, at least 1,700 kilometers of the gas network will be modernized in order to ensure access to gas for more than 300,000 citizens. Erlan Karin emphasized that the ultimate goal is to double the country’s GDP to 450 billion dollars by 2029.

To achieve this ambitious goal, the president introduced new measures to diversify the economy. One such measure includes providing incentives for investors to focus on the manufacturing sector. Investors will be granted a three-year tax holiday and other incentive measures to encourage business growth and access to bank loans. These initiatives are part of a comprehensive strategy to drive economic development and create a more sustainable future for Kazakhstan.

By Samantha Johnson

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