The plant, which is expected to be completed by 2025, involves a substantial investment of over 113 billion tenge (approximately $245 million). Beyond bolstering Kazakhstan’s industrial prowess, the project is projected to create more than 520 permanent jobs, thereby contributing significantly to the nation’s employment scenario. The project is also part of a broader strategy to expand Kazakhstan’s footprint in international markets such as Japan, South Korea, the United States, Turkey, and European countries.
During the meeting, the state commission also discussed the ongoing development of oil fields, with a keen focus on production efficiency, job creation, and ensuring service companies have sufficient work. This underscores the country’s commitment to optimizing its energy resources while balancing economic growth and employment generation.
The meeting also covered the Comprehensive Privatization Plan for 2021-2025. This involves a critical examination of the criteria for asset sale and planning the competitive transition of Qazaq Air in 2024. The plan is expected to bring about a significant shift in Kazakhstan’s economic landscape, making it more attractive to international investors while maintaining a balance with its national interests.
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