New economic zone to be created in Kazakhstan

New economic zone to be created in Kazakhstan

A new special economic zone (SEZ) is planned to be created in Kazakhstan, specifically in the Aktobe region. The SEZ is expected to produce clothing, parquet flooring, and cellulose. Additionally, there are plans to launch plants for synthetic rubber and pharmaceutical production. One of the key advantages of the economic zone will be its location - near the major transport corridor ‘Western Europe - Western China’. This will facilitate efficient distribution of products to Central Asia and Russia. The project’s developers hope that the favorable location, along with tax incentives and preferences, will attract investors. They are also offered to set up production facilities for communication equipment, household appliances, batteries, and accumulators. The contribution of SEZ facilities to the country’s economy is projected to exceed four trillion tenge.