PremiumKazakhstan’s Kyzylorda set to become major investment hub in 2025

Economy Materials 16 January 2025 17:03 (UTC +04:00)
Kazakhstan’s Kyzylorda set to become major investment hub in 2025
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, January 16. In 2025, the Kyzylorda region of Kazakhstan is set to launch 24 projects worth 275.3 billion tenge (approximately $522.07 million), creating around 1,000 jobs and producing goods valued at 30.8 billion tenge (approximately $58.52 million), said Deputy Prime Minister and Minister of National Economy Serik Zhumangarin during a meeting on investment development in the Kyzylorda region, Trend reports.

Among the major projects are a brick factory with a production capacity of 90 million bricks per year, the production of dry camel milk powder with an annual capacity of 392 tons, the first phase of a project for the repair, maintenance, and construction of passenger carriages, and a new CHP (Combined Heat and Power) plant with a capacity of 240 MW.

“We plan to build 4 solar and 1 wind power plant with a total capacity of 141 MW. The region's daily electricity demand is 200 MW, and there are currently 9 solar power plants with a combined capacity of 89 MW. Once the 5 projects are launched, our region will fully transition to green energy,” said Kyzylorda region deputy Akim Ardak Zebeshev.

The Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan also presented to the meeting participants the opportunities of the National Digital Investment Platform, a one-stop shop for interaction between investors, government bodies, and the quasi-government sector.

To note, currently, there are 836 projects in the platform's pool in the country, 246 of which are planned for implementation in 2025.

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