Kazakhstan has formed a portfolio of 20 major projects with foreign participation, totaling 5.7 trillion tenge. In addition, nine multilateral projects involving more than two countries are underway, valued at $2.4 billion. The government’s «blended financing» support measure, which enables the attraction of substantial investments with relatively modest budget expenditures, has been widely applied. Under this framework, around 30 new projects are expected to receive support. The investments cover sectors such as metallurgy, the chemical industry, construction materials production, woodworking, and mechanical engineering.
«The government has stepped up efforts to
attract foreign investors specifically to processing, metallurgy, chemicals,
and materials manufacturing industries. Improved conditions for foreign
investors, the work of the Investment Headquarters, and a concrete set of
projects in key industrial regions are helping to create a favorable investment
climate. Industrial initiatives are supported through infrastructure
development and targeted financing,» said Olzhas Saparbekov, Kazakh Vice Minister of
Industry and Construction.
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