Kazakh government has approved 17 major projects valued at $31 billion to enhance exports
The Kazakh government has approved 17 major projects worth 15 trillion tenge (US$31.1 billion) to form high-value-added clusters, the Prime Minister’s press service reported on Aug. 28.
These initiatives are expected to create over 26,000 jobs, boost exports by six trillion tenge ($12.4 billion), and enable import substitution worth more than 1.5 trillion tenge ($3.1 billion). They will focus on developing advanced manufacturing facilities, enhancing local workforce skills, and partnering with domestic suppliers.
The projects will ensure a 100% raw material base for steelmaking by processing hot briquetted iron, aiming for a production volume of up to two million tons. Steel production is projected to increase from three to six million tons annually, and oil refining volumes are expected to rise from 18 to 24 million tons per year.
Facilities will be established to produce up to 1.25 million tons of polyethylene and 735,000 tons of polyethylene terephthalate annually. New production lines for urea products will be built, with a capacity of up to 577,000 tons per year.
The economic benefits include increasing the localization of automobile production from 10% to 50%, with two plants producing 160,000 cars annually.
The projects will also support tourism cluster development, encourage business and investment activities, and enhance the export of high-value-added food products like gluten, starch, glucose, and fructose.(Source:astanatimes)
