Nurly Zhol

Nurly Zhol is a $9 billion domestic economic stimulus plan to develop and modernize roads, railways, ports, IT infrastructure, and education and civil services in the Republic of Kazakhstan.[1] The Nurly Zhol plan was announced by Kazakhstan's President Nursultan Nazarbayev in November 2014.[2]

Nurly Zhol targets seven areas of infrastructure development:[3]

  1. transportation and logistics infrastructure
  2. industrial infrastructure
  3. energy infrastructure
  4. public utilities infrastructure
  5. housing infrastructure
  6. social infrastructure
  7. small and medium-sized enterprises

More than $40 billion of projects are to be implemented within the Nurly Zhol framework by 2020.[4] 1.4 million square meters of rental housing is expected to be constructed in 2015-2019.[5] The implementation of the New Economic Policy "Nurly Zhol" is expected to create over 200,000 new jobs.[6]

Development of education infrastructure is an important component of Nurly Zhol. For example, within the Nurly Zhol program Karaganda region built four new education facilities.[7]

Implementation of the Nurly Zhol program allowed to create 105,000 jobs and provided for a 1% GPD growth in 2016. Also, 611 km of roads were commissioned in 2016 as part of Nurly Zhol.[8] In his State of the Nation address, President Nazarbayev said that, due to Nurly Zhol, Kazakhstan is in the beginning of a "complex global transformation."[9]

Nurly Zhol is designed to turn Kazakhstan into a key Eurasian transport and logistics hub through the modernization of roads, railways and ports, among others projects.[10]

References

  1. ↑ "Kazakhstan runs economic risks with its hyperactivity". Financial Times.
  2. ↑ "State of the Nation Address". Ak Orda.
  3. ↑ "Nurly Zhol: the $9 billion path to the future" (PDF). Newsdesk Media.
  4. ↑ "Kazakhstan's Nurly Zhol and China's Economic Belt of the Silk Road: Confluence of Goals". The Astana Times.
  5. ↑ "State program of the infrastructure development "Nurly Zhol" for 2015 - 2019". baiterek.gov.kz. Baiterek Holdings.
  6. ↑ "NURLY ZHOL, BRIGHT PATH TO THE FUTURE". www.thebusinessyear.com.
  7. ↑ "Karaganda region builds four new education facilities under Nurly Zhol program". inform.kz.
  8. ↑ "105,000 jobs created as part of Nurly Zhol program in Kazakhstan in 2016". inform.kz.
  9. ↑ "The President of Kazakhstan Nursultan Nazarbayev's Address to the Nation of Kazakhstan. January 31, 2017". Akorda.
  10. ↑ "Kazakhstan poised to become nerve center for East-West trade, Vassilenko says". Agencia EFE.
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