ASTANA, Kazakhstan, February 7. Kazakhstan is accelerating the development of agriculture and metallurgy with large-scale investments, Trend reports.
Under the chairmanship of First Deputy Prime Minister of Kazakhstan Roman Sklyar, a meeting of the Investment Attraction Council was held. During the meeting, participants discussed the status of two projects from a list of 17 major ones. These included the construction of the Tiryaki Agroagricultural complex in Astana and the hydrometallurgical plant of LLP "Ertis Hydrometallurgical Plant" in the Pavlodar region. The total investment for the first project will amount to approximately 169.6 billion tenge ($339.2 million), and its implementation will increase annual wheat production by 240,000 tons while creating 400 jobs. The project of LLP "Ertis Hydrometallurgical Plant," with an investment sum of 343.3 billion tenge ($686.6 million), will process 300,000 tons of gold-copper concentrate and produce about 15 tons of gold while creating 500 jobs.
Additionally, the investment program for the Aktobe region was discussed, particularly the creation of a special economic zone based on the airport and the development of the Khotatau industrial zone. Participants also discussed various open issues regarding the implementation of strategic infrastructure projects in the railway and aviation sectors. According to President Tokayev's directive, the development of the Trans-Kazakhstan railway corridor is a key task in integrating the country into global transport networks. These projects will contribute to attracting investments, creating jobs, and ensuring sustainable economic growth through the development of trade and connections with international partners.
During an analysis of investor requests, a provision in the Entrepreneurial Code was identified as an obstacle to economic activity and the further expansion of businesses. Corresponding instructions were given to relevant government agencies to address this issue.
To note, out of the 74 investment projects in the region, 10 projects worth 490 billion tenge ($980 million) are planned to be implemented in 2025, creating 1,200 jobs. These include the expansion of a rail-welding plant, the construction of wind power stations, and the establishment of a wool and nonwoven materials processing plant, among others.