Businessmen began to invest more in the food industry

In January-June 2024, fixed capital investments in food production in Kazakhstan reached 68.7 billion tenge - 9.9 per cent more in value terms than a year earlier, World of NAN reports with reference to finprom.kz.

The largest volume of capex in the sector was observed in the production of flour and cereal products, starches and starch products: 19.4bn tg - 4.3 times more than a year earlier. The most investor-intensive segments also included the production of dairy products (15.5 billion tenge, minus 19.9%) and processing and canning of meat and meat products (9.6 billion tenge, plus 23.4%).

The main part of investments came from the enterprises' own funds: 58.3 billion tg - a remarkable 77.1% more than a year earlier. Capital investments at the expense of bank loans decreased by 66.2%, to 6 billion tenge, and investments at the expense of non-bank borrowed funds - by 63.2%, to 4.3 billion tenge.

In regional terms, Pavlodar region accounted for the most investments in the sector: 11.7 billion tenge - 6.8 times more than a year earlier. Turkestan region (11.1 bln Tg), Almaty region (9.5 bln Tg), North-Kazakhstan region (8.9 bln Tg) and East-Kazakhstan region (4.3 bln Tg) were also among the five key regions.

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