The Kazakh government has taken a significant step towards enhancing its export capacity and industrial development by approving 17 major projects valued at 15 trillion tenge (US$31.1 billion). These strategic initiatives are designed to create high-value-added clusters, which will play a pivotal role in driving economic growth and strengthening Kazakhstan's position in global markets.
These ambitious projects are set to generate over 26,000 jobs and are expected to increase exports by six trillion tenge (US$12.4 billion). Additionally, they aim to facilitate import substitution valued at more than 1.5 trillion tenge (US$3.1 billion), further solidifying Kazakhstan's economic resilience and self-sufficiency.
Key industries will benefit from these developments, including steel production, where the raw material base will be fully secured through the processing of hot briquetted iron. Steel output is projected to double, reaching up to six million tons annually. The oil refining sector is also set to expand, with production volumes anticipated to rise from 18 to 24 million tons per year.
Moreover, the projects include the establishment of facilities capable of producing up to 1.25 million tons of polyethylene and 735,000 tons of polyethylene terephthalate annually. New production lines for urea products, with a capacity of up to 577,000 tons per year, will further diversify the industrial landscape.
Significant advancements are also expected in the automotive industry, with plans to increase localization from 10% to 50%, supported by the construction of two plants capable of manufacturing 160,000 cars annually. Additionally, the projects will promote the growth of high-value-added food exports, including gluten, starch, glucose, and fructose.
These initiatives underscore Kazakhstan's commitment to fostering industrial growth, enhancing export capabilities, and creating a dynamic economic environment that attracts investment and promotes sustainable development.
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