A complex for the production of a
unique nitrogen-containing fertilizer suitable for almost any soil is set to be
built in Kazakhstan. This will allow establishing the production of a new
product for the country – urea. Additionally, there are plans to build a
large-scale complex for polyethylene production. Kazakh Prime Minister Alikhan
Smailov held a meeting with Executive President of Tecnicas Reunidas Juan
Liado, during which they discussed the implementation of new investment
projects in the chemical and petrochemical sectors. Smailov emphasized the
government’s readiness to provide necessary support and highlighted special
prospects for investment cooperation. It is noteworthy that Spanish companies
have invested around $300 million in Kazakhstan since 2005. The trade turnover
between the two countries increased by 42 percent last year.