Kazakhstan held the latest meeting of the Investment Attraction Council under the chairmanship of First Deputy Prime Minister Roman Sklyar. The session focused on the progress of key investment projects and strategic infrastructure developments across the country.
Participants reviewed the status of two major investment projects from a list of 17 priority initiatives. One of the projects, the Tiryaki Agro agro-industrial complex in Astana, is expected to receive an investment of KZT 169.6bn ($332.4mn). Upon completion, the facility will boost wheat processing capacity by 240,000 tons annually and create 400 new jobs.
Another significant project discussed was the construction of a hydrometallurgical plant by Ertis Hydrometallurgical Plant LLP in the Pavlodar region. With a total investment of KZT 343.3bn ($672.8mn), the plant will process 300,000 tons of gold-copper concentrate and produce approximately 15 tons of gold, generating 500 jobs.
The meeting also covered investment opportunities in the Aktobe region, particularly the establishment of a Special Economic Zone (SEZ) near the airport and the development of the Khromtau industrial zone. Out of 74 investment projects planned for the region, 10 projects worth KZT 490bn ($960.3mn) are scheduled for implementation in 2025, with an estimated 1,200 new jobs. These include the expansion of a rail welding plant, the construction of wind power plants, and the establishment of a facility for processing wool and non-woven materials.
In addition, strategic infrastructure projects in the railway and aviation sectors were discussed. The government emphasized the importance of developing the Trans-Kazakhstan railway corridor, which is crucial for integrating the country into global transport networks. These initiatives aim to attract foreign investment, create employment opportunities, and strengthen Kazakhstan’s trade and economic ties with international partners.
During the meeting, officials also identified a regulation in the Entrepreneurial Code that hinders business expansion. Relevant state bodies were tasked with addressing this issue to improve the investment climate and support economic activity.
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