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Kazakhstan to turn into giant construction site for keeping off crisis - Nazarbayev

Nazarbayev offered the government and the parliament to review the budget for allocating funds for the aforesaid projects

ASTANA, January 27 (Itar-Tass) —— New industrial and construction projects are a way to withstand the crisis, Kazakh President Nursultan Nazarbayev said in the annual state of the nation address he presented to the parliament on Friday.

Kazakhstan will turn into a giant construction site, the president said. He named ten top development areas, such as employment, better living standards, modernization of healthcare and education, oil refinery, construction of gas pipelines, development of transport routes and innovative science.

Nazarbayev offered the government and the parliament to review the budget for allocating funds for the aforesaid projects. “We will have to borrow from the National Fund for implementing our projects. I think that would be better than stashing money at Western banks. Let us invest the money in the national economy,” he said.

“We will turn Kazakhstan into a giant construction site and create new jobs. The projects will reshape our economy and country. They will be our response to the upcoming crisis everyone is talking about. The world will have its crisis, and Kazakhstan will be the giant construction site. We will start to fulfill our plans already this year,” the president said.

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