Building of a new private secondary school in Nauryzbay district started in Almaty. Bizmedia.kz reports.
Financial support for the project was provided by a subsidiary of Almaty SEC JSC, Almaty Finance LLP, allocating 288 KZT million to complete the construction and provision of equipment for the school.
Attracting 200 KZT million of own funds of “Orken Education” LLP, works on purchase of construction materials and erection of the first floor have already started.
This project is financed under the Almaty Business-2025 program, which provides favorable loan terms, including an interest rate of 6% per annum and a five-year repayment term.
Construction is scheduled to be completed in the summer of 2025 and the new school will be able to accommodate 420 students.
According to Zhuldyz Igenov, Deputy Chairman of Almaty Finance LLP, this facility will not only relieve the existing schools in the district, but will also create 50 new jobs and increase tax revenues to the local budget, which will have a positive impact on the economic climate of the region.