Pylyp Travkin: Over 26 thousand new jobs will appear in Kazakhstan

To date, the government has approved a list of 17 major projects with an investment volume of over 15 trillion tenge. Their implementation is expected to bring a number of significant economic results:

– providing 100% of the raw material base for steelmaking production through the processing of hot briquetted iron (up to 2 million tons);

– opening of a new and modernization of an existing production facility, which will increase steel production from 3 to 6 million tons per year;

– modernization of oil refining capacities to increase oil refining volumes from 18 to 24 million tons per year and production of petroleum products from 13.4 to 19 million tons per year;

– production of potash fertilizers within the framework of import substitution (6 million tons per year upon reaching full production capacity);

– launch of production of up to 1,250 thousand tons of polyethylene per year, which will satisfy domestic demand and support exports in the logistics, trade, food industry, mechanical engineering, construction and military-industrial complex sectors;

– production of up to 735 thousand tons of polyethylene terephthalate per year, which will cover domestic demand and ensure export (domestic demand – 77.4 thousand tons, export – 657.6 thousand tons);

– production of new urea products up to 577 thousand tons per year to diversify the production of the chemical industry;

– increasing the localization of automobile production from 10% to 50%, with the production of 160 thousand cars per year at two factories.

– cluster development of tourism (trade, transport and services), which will stimulate business and investment activities;

– increasing exports of food products with high added value (production: 352 thousand tons of gluten, 110 thousand tons of starch, 30 thousand tons of glucose, 45 thousand tons of fructose).

The implementation of these projects will create more than 26 thousand new jobs, increase exports by 6 trillion tenge and ensure import substitution in the amount of more than 1.5 trillion tenge. These measures also contribute to the creation of high-tech production, improving the skills of local personnel and concluding off-take contracts with domestic manufacturers.