ASTANA, Kazakhstan, December 19. Kazakhstan's Karaganda is hitting the ground running with a boost in production capacity, all thanks to some fresh investment projects coming down the pike, Trend reports.
During a working visit to the Karaganda region, Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, made this statement while meeting with the Akim of the region, Yermaganbet Bulekpayev, and touring several significant regional enterprises, including the "Saran" Industrial Zone, where the infrastructure capabilities of the zone were showcased.
At the QazTehna plant, which manufactures buses and special equipment, G. Ospankulov reviewed the company's operations and development plans, including the expansion of production capacities with the involvement of Qatari investors. As part of the visit, an investment contract was signed between the Investment Committee of the Ministry of Foreign Affairs and QazTehna LLP.
The chairman also visited the Silk Road Electronics LLP plant, which produces household appliances and represents an investment of 24.9 billion tenge (approximately $47.31 million). The plant employs 250 people and supplies its products to both the domestic market and neighboring countries.
At the Tengri Tyres LLP plant, G. Ospankulov familiarized himself with the process of manufacturing automobile tires. The company has created 1,125 jobs and produces 3.5 million passenger, light truck, and truck tires annually. To expand production capacities, the investors expressed their intention to sign an investment contract with the Investment Committee of the Ministry of Foreign Affairs.
To note, the Karaganda region of Kazakhstan is the largest industrial region, a powerful industrial center, occupying leading positions in Kazakhstan. The mining and metallurgical complex represents the industrial sector. Food, pharmaceutical, and chemical industries; light industry; and construction materials industries have been developed.