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.