Over 190 industrial ventures slated for commencement in 2025.
Getting the Gears Turning in the Heart of Eurasia
This year, a record-breaking 190 industrial projects are set to shake up Kazakhstan's economy, investment worth 1.5 trillion tenge, that's expected to create over 20,000 new jobs. According to our news source, the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan, these projects will boost Kazakhstan's economy's diversification and export potential, as well as up the ante in the chemical industry.
Intriguingly, a considerable chunk of these projects is geared toward beefing up Kazakhstan's processing industry.You can expect industrial powerhouses churning out new volumes of hydrogen peroxide, liquid glass, sulfuric acid, mineral fertilizers, polypropylene, and yellow phosphorus in Kazakhstan soon.
Industrial developments abound, including sandwich panel, ceramic brick, and dry construction mix factories in operation this year. The launch of two factories – "Qaragandy Power Silicon" and "Ekibastuz FerroAlloys" – is set to give a significant boost to the production of ferroalloys. From 2025 to 2035, the ministry intends to implement nine major projects in metallurgy, machine building, and the chemical industry, capable of raking in a whopping $7.3 billion worth of products.
Pulling in a whopping 6 trillion tenge in investments and creating 12,000 jobs, these projects are part of a pool of 17 large initiatives formed under the President's instruction, with the aim of stoking the fire for 25,000 jobs. Prime examples of these high-value-added clusters in the pipeline include car factories, hot briquetted iron production plants, copper smelting plants, ammonia-carbamide complexes, potassium salt production complexes, and hydrometallurgical plants. These enterprises are poised to produce new products for machine-building and automobile plants, giving Kazakhstan's industrial ambitions a serious shot in the arm.
The KIA Qazaqstan plant, set to reap 1,500 jobs in the Kostanai region, is one such game-changer, churning out 70,000 cars annually. On similar lines, a multi-brand plant expected to spur 3,600 jobs in Almaty will produce Changan, Chery, and Haval cars, open the road to 90,000 cars annually.
Expecting an increase in automotive production by a solid 5% in 2025, with an estimated 149,000 passenger cars produced, these new automotive projects are destined to fortify Kazakhstan's industrial potential. Once fully operational, their combined output is projected to touch 2.2 trillion tenge.
In an encouraging turn of events, Kazakhstan has seen a 5.9% increase in processing industry production for the first time in five years. This growth leans on swelling volumes in metallurgy (+6.9%), machine building (+9.7%), chemical industry (+7.7%), and other sectors, striking a timely balance in the total production volume of 24.5 trillion tenge.
Remarkably, 15 special economic zones and 51 industrial zones are hard at work for the implementation of these industrial projects. Plans are in motion to roll out 110 projects in these zones by 2025. On the front line, a new mechanism – small industrial zones – aims to fuel the growth of small and medium-sized businesses.
Entrepreneurs can happily look forward to preferential loans for construction and favorable rental terms. Currently, 34 small industrial zones are underway in eight regions – Astana, Shymkent, North Kazakhstan, Karaganda, Kostanai, Zhambyl, Kyzylorda, and Turkestan regions. It's full steam ahead on creating small industrial zones in another 14 regions by 2025.
In an effort to bolster the positions of domestic producers, a unified registry of Kazakhstani producers is in the pipeline, offering comprehensive enterprise information. Moreover, large entities will be compelled to greenlight programs for local product development. The use of foreign construction materials and equipment in the construction of social facilities will require approval from local representative bodies, hoisting the banner for domestic champions.
These moves targets enhancing their competitiveness and stimulating small and medium-sized businesses, tapping into 163 projects implemented in the processing sector and 17 projects in the mining industry in 2024, totaling more than 1.3 trillion tenge of investment.
Enterprises producing a diverse range of goods, from cathode copper and gold bars to wolfram concentrate, cars, furniture, and truck components, are already in business. Upon reaching their full capacity, these projects are predicted to yield an annual production volume of approximately 2 trillion tenge.
In conclusion, the 190 industrial projects in Kazakhstan this year represent a monumental push to uplift the country's economy, create substantial employment opportunities, and establish a more diverse and resilient industrial base.
The upcoming industrial projects in Kazakhstan, worth 1.5 trillion tenge, are not only expected to boost the chemical industry but also finance the construction of factories that produce various goods, such as sandwich panels, ceramic bricks, and dry construction mix. Furthermore, these projects aim to stimulate the growth of small and medium-sized businesses in the country's various regions, as part of the unified registry of Kazakhstani producers and the preferential loan system for construction.
