Discover Qazaqstan via News and Inspiring Stories
QazMonitor Logo
Facebook Qazmonitor iconInstagram Qazmonitor iconTiktok Qazmonitor iconTwitter Qazmonitor iconTelegram Qazmonitor iconYoutube Qazmonitor iconRSS
  1. Main Page
  2. News
  3. Kazakhstan Attracted $4 Billion in Tourism Investments
Astana, Kazakhstan • 21 September, 2023 | 12:39
1 min read

Kazakhstan Attracted $4 Billion in Tourism Investments

The Ministry of Tourism and Sports shared the 2020-2022 data

QazMonitor Logo

From 2020 to 2022, the tourism industry saw an increase in investments and brought $4 billion to Kazakhstan's economy, QazMonitor reports citing the Ministry of Tourism and Sports.

Last year alone, the volume of investment reached 513.3 billion tenge. Over 400 tourist facilities were built during the period.

"The government is actively attracting private capital for the development of domestic tourism. Since last year, state support measures have covered projects for the construction of tourism facilities, the development of ski resorts, and the purchase of tourist buses. Subsidies are also provided to tour operators for attracting foreign tourists. In addition, flight tickets for children are subsidized for Kazakh citizens travelling within the country,” said Vice Minister of Tourism and Sports of the Republic of Kazakhstan Yerzhan Yerkinbayev.

The Vice Minister added that the government also puts emphasis on attracting foreign investors by offering incentives.

Only 30% of an article published on The Qazaqstan Monitor website may be used with a mandatory hyperlink provided to indicate the original source. To re-publish the full article, written permission from the editorial is required.