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In Astana, State Counsellor Erlan Karin announced that the President of Kazakhstan has launched four major infrastructure projects for 2024. These initiatives aim to boost the country’s economy and drive growth. The first project focuses on improving the road network, with plans to build and repair over 12,000 kilometers of roads. Additionally, the modernization of utility networks such as heat sources and gas networks spanning at least 6,500 kilometers is also part of this project.

Another key initiative is the launch of a new housing program aimed at increasing the volume of rental housing. To achieve this goal, at least 1,700 kilometers of gas networks will undergo modernization 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 by 2029.

To achieve this ambitious goal, the President has introduced new measures to diversify the economy. One such measure includes offering incentives for investors to focus on the manufacturing sector. Investors will be granted a three-year tax holiday and other stimulus 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.

The launching of these projects will provide an opportunity for foreign investment in Kazakhstan’s infrastructure development, creating jobs and stimulating economic growth in various sectors such as construction, engineering, and manufacturing.

In conclusion, Kazakhstan’s State Counsellor Erlan Karin announced that the President has launched four major infrastructure projects for 2024 aimed at boosting economic growth and driving development in various sectors such as road network development and modernizing utility networks. Moreover, these projects also include initiatives aimed at increasing rental housing volume through modernization of gas networks while diversifying the economy through incentives offered to investors focusing on manufacturing sector.

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