OREANDA-NEWS. On December 03, 2007 Astana’s mayor Askar Mamin reported to the President on the capital’s social economic development, reported the Presidential website www.akorda.kz.

Investments to fixed capital increased by 20 times over the ten years passed from the capital city transfer. Their amount will increase by 25% and reach 3,5 billion dollars by the end this year. Industrial production increased by more than 15 times over the last decade. The same figures are observed in other areas of the social economic development of the city.

“We have created this large megacity, which is the center of economic growth in Kazakhstan. Large funds are invested to the capital city, which must be used effectively and construction must be completed here by 2010. And, of course, we have to work on forming services of a high and truly capital level,” President Nursultan Nazarbayev said.

The Head of State noted that because of Kazakhstan’s chairmanship in the OSCE in 2010, there is a need for a conference building in Astana that could accommodate delegations from the 56 countries – OSCE members.

Large investment projects in the areas of transport and energy were also considered at the meeting.

“I informed the Head of State on the implementation course of the Program “Affordable Housing” in Astana. We also discussed issues of celebrating the 10th anniversary of the capital city,” Askar Mamin said at a press briefing.