ASTANA, Kazakhstan, May 5. Kazakhstan's Prime Minister Olzhas Bektenov has instructed to create conditions for attracting private investments in new high-tech raw material processing projects, Trend reports.
In the course of the meeting, Prime Minister Olzhas Bektenov emphasized the importance of creating a favorable investment climate to stimulate the development of the chemical and petrochemical industries.
"Today, about 45 percent of raw materials for chemical production are exported without deep processing. For example, approximately 800,000 tons of phosphate raw materials are exported from Kazakhstan every year. The Ministry of Industry needs to create conditions for attracting private investments in new high-tech raw material processing projects," said Olzhas Bektenov.
Moreover, at the same time, the Ministry of National Economy, in collaboration with the ministries of Energy, Industry, and Construction, has been tasked with submitting proposals to the Government by July 1 this year with specific measures on tax and customs incentives for chemical and oil and gas chemical projects.
Today, a government meeting is being held under the chairmanship of Prime Minister of Kazakhstan Olzhas Bektenov. The agenda includes the development of the chemical and petrochemical industries in the country.
