Aug 28, 2024
Government
policy is aimed at ensuring sustainable and balanced economic growth through
diversification and increased competitiveness. An important element of this
course is the development of a high-performance and export-oriented
manufacturing industry.
To
date, the Government has approved a list of 17 major projects with investments
of more than 15 trillion tenge. It is expected that their implementation will
bring a number of significant economic results:
•
providing 100% of the raw material base of steel production by processing
hot-briquetted iron (up to 2 million tons);
•
opening of a new and modernization of existing production, which will increase
steel output from 3 to 6 million tons per year;
•
modernization of refining capacities to increase the volume of oil refining
from 18 to 24 million tons per year and the production of petroleum products
from 13.4 to 19 million tons per year;
•
production of potash fertilizers as part of import substitution (6 million tons
per year when reaching full production capacity);
•
launch of production of up to 1,250 thousand tons of polyethylene per year, which
will meet domestic demand and support exports in the sectors of logistics,
trade, food industry, mechanical engineering, construction and the
military-industrial complex;
•
production of up to 735 thousand tons of polyethylene terephthalate per year,
which will cover domestic demand and ensure exports (domestic demand — 77.4
thousand tons, export — 657.6 thousand tons);
•
production of new carbamide
products up to 577 thousand tons per year to diversify the production of the
chemical industry;
•
increased localization of automotive production from 10% to 50%, with the
production of 160 thousand cars per year at two plants.
•
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).