In the Zhetysu region, an investment portfolio consisting of more than 200 projects has been established, aiming to boost the region's economic development. The region is focusing on economic growth and implementing large industrial projects.
"At present, our region has enormous potential for profitable investment in the economy," said Bakitnur Bakytuly, the head of the Department of Entrepreneurship and Industrial-Innovative Development of the Zhetysu region, during a briefing. "Work is underway to attract new investors and enhance the investment attractiveness of Semirechye in five strategic directions: the development of the agro-industrial complex, transportation and logistics, tourism, alternative energy, and industry, including the development of subsoil use."
The Department of Entrepreneurship and Industrial-Innovative Development announced the formation of an investment portfolio of projects to be implemented in the region from 2023 to 2030. This portfolio includes 208 projects with a total value of 3.2 trillion tenge and the creation of 11,000 jobs.
The region has seen the completion of 86 projects with a total value of 89.4 billion tenge and the creation of over 2,200 jobs since its establishment. Examples of projects include the construction of solar power plants in various districts, the opening of a battery plant, and a multimodal railway transport and logistics center.
Currently, there are 540 industrial enterprises operating in the industrial production of the Zhetysu region, including 14 large and 15 medium-sized enterprises. Industrial production in 2023 amounted to 320.6 billion tenge, showing a 4.4% growth compared to 2022, partly due to increased production in manufacturing.
The region plans to increase industrial production to 343.6 billion tenge in 2024, with a focus on companies like Alacem LLP, Kaynar AKB LLP, Zharkentsky Starch and Syrup Plant LLP, Phoenix Feed Mills LLP, and the launch of an industrial plant for direct iron reduction by Grindstone LLP.
Significant investments are being made in the construction of a new ore processing plant, set to begin in 2024 by the Consolidated Construction Mining Company in the Kerbulak district. The project's total cost is 1.3 trillion tenge, with an annual target of mining 50 million tons of ore, producing copper concentrate and cathode copper.
The investor company has started preparing the site for development since early 2022, conducting geological exploration and surveying works. Simultaneously, the design of the mining-metallurgical complex is underway, along with the necessary infrastructure. Legal and permitting documents are being processed to prepare the site for mining and construction works, aiming to start operations in 2027 and create 2,230 jobs.
