The investments volume in the
extraction and production of rare and rare-earth metals in Kazakhstan will
increase by 40 percent. The country has approved a comprehensive development
plan for the industry until 2029. As reported by Minister of Industry and
Construction Kanat Sharlapayev during a government meeting in the Mazhilis, a
Lower House of the Kazakh Parliament, relevant agreements have already been
concluded with foreign investors. British, German, and U.S. companies are
interested in joint development of deposits of critical metals, such as
lithium. The country pays great attention to investment projects. A list of 180
proposals totaling 1.5 trillion tenge has been formed for this year. There are
plans to implement over 620 investment projects worth nearly five trillion
tenge from 2025.
“The Ministry’s portfolio
encompasses nine projects with total investments amounting to 6.7 trillion
tenge. Among these are five projects in the metallurgy, two in the chemical and
two in the automotive sectors, which are being accomplished jointly with major
foreign investors. Also, high value-added clusters will be established in
priority sectors of the manufacturing industry,” said Sharlapayev.
Kazakhstan adopted an updated
Concept for the development of the manufacturing industry. The country plans to
achieve a twofold increase in production volumes
and a threefold increase in the gross value added of the industry by 2030.
