What changes are expected to happen in Shymkent with the new status?
A status of a city of republican importance will give an opportunity for Shymkent to better develop its trade and economic relations with the bordering countries of the Central Asia. In addition, the city with a population of more than one million people can become a center for investment attraction. Only in the past ten years, three trillion tenge was invested in the Ontustik industrial zone. Local experts expect growth of investments in Shymkent.
SULTAN AKIMBEKOV, DIRECTOR, INSTITUTE FOR ASIAN STUDIES:
- Kazakhstan’s southern city is a gateway to Central Asia. A new status of Shymkent will allow using the potential of the entire region. Development of the region will go along with Central Asia’s rapid development.
The region’s economy is developing steadily, too. Over the past five years, the share of the regional product is estimated at 6 % of the country's GDP. In 2017, this figure exceeded three trillion tenge and it is expected to grow this year. For example, within five months, the industry’s volume exceeded 350 billion tenge. The capital of the region invested more than 300 billion and the budget increased to 621 billion tenge. According to analysts, the transfer of the regional center from Shymkent to Turkestan is of economic importance.
SERGEI DOMNIN, EXPERT, INSTITUTE OF WORLD ECONOMICS AND POLITICS:
- The city will have its own regional budget which can increase because of development projects and expansion of industrial zones. There will be new policies in development and attraction of investments.
Shymkent’s potential will be uncovered gradually and systematically. By 2025, the gross regional product of the city is expected to double. The manufacturing industry will dominate the GRP, including metallurgy, chemistry and petro chemistry, machine building, construction materials and the food industry.