The construction of a new metallurgical
complex has begun in the south of the country. Prime Minister Olzhas Bektenov reviewed
the start of construction of a full-cycle industrial facility during a working
trip to the Zhambyl region. He was informed that the plant will be built with
funds from a Chinese investor, with total investment amounting to $1.2 billion.
The facility is expected to use environmentally friendly direct reduced iron
(DRI) technology. Under the first phase of the project, the plant’s capacity is
expected to reach one million tonnes per year by 2027, increasing to three
million tonnes by 2029. Another facility planned to be built with Chinese
investment is a corn deep processing plant. The complex will include a starch
production unit and three biofermentation facilities. Commissioning is
scheduled for 2026.
«Over the next three to four years, total
investment is expected to exceed $1 billion. Around 1,000 people will be
provided with permanent employment. Kazakhstan’s products are planned to be
exported to China, Arab countries, and Europe,» noted Chairman of Kazakh Invest
National Company Yerzhan Yelekeyev.
Notably, both industrial projects are being
implemented within the Jibek Joly special economic zone. A total of 18
participants are registered in the zone. The enterprises are primarily engaged
in the chemical and manufacturing industries, mechanical engineering, and
energy — with a focus on export-oriented production.
«Nine factories are currently under
construction, with a total value of around one trillion tenge. Last year,
investment in economic zone projects amounted to 15 billion tenge, but this
year it is expected to increase tenfold, exceeding 150 billion tenge. In total,
82 projects are scheduled for implementation between 2025 and 2028, with a
combined value of 3.6 trillion tenge, including major projects worth over 50
billion tenge,» said Abulkhair Tamabek, Deputy Governor of the Zhambyl region.
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