Kazakhstan creates high value-added clusters

Kazakhstan creates high value-added clusters

Kazakhstan is creating high value-added clusters that will enable the efficient development of export-oriented manufacturing industries. The government has already approved a list of 17 major projects worth over 15 trillion tenge of investment, highlighting that their implementation will yield several economic benefits. These include full raw material supply for steel production with an increase in steel output to six million tonnes per year by new plants, growth in oil refining up to 24 million tonnes per year at modernized enterprises, and the production of potassium fertilizers. Additionally, plans include launching polyethylene production, localizing the automotive industry, and expanding exports of high value-added food products such as starch, glucose, and fructose. Overall, this will allow Kazakhstan to increase its exports to foreign markets by six trillion tenge and promote the growth of offtake contracts with domestic producers.