Kazakhstan Approves Key Industrial Projects to Boost Economy
On Jan. 14, the Investment Promotion Council, chaired by Deputy Prime Minister Roman Sklyar, approved several major investment agreements aimed at modernizing industries and fostering innovation.
Key projects include:
- A $1.3 billion investment in the Qarmet metallurgical plant for modernization and infrastructure development, with a planned $3.5 billion investment by 2028.
- The construction of an oriented strand board and laminated wood chipboard plant by Ultradecor Trading Kazakhstan in the North Kazakhstan Region, bringing nearly 82 billion tenge (US$155.3 million) in investments.
- A $360 million water pipeline project with hydroelectric power plants on the Ugam River in Turkistan Region, providing clean water and addressing the region’s electricity deficit.
These projects aim to enhance Kazakhstan’s industrial capacity, create jobs, and increase economic competitiveness.
Photo credit: Prime Minister’s press service.
6
