As part of the implementation of the instructions of the Head of State, one of the Government’s key objectives is economic diversification and the development of processing industries. The main goal is to move away from reliance solely on raw material exports and to create new production facilities that generate value added, stable jobs, and sustainable export potential.

At present, a portfolio of large industrial projects totaling approximately KZT 10.2 trillion has been formed, providing for the creation of more than 20,000 jobs. These projects are aimed at reducing dependence on commodity price fluctuations and developing real industrial production. Among them are:

LLP EuroChem-Karatau – production of sulfuric acid, mineral fertilizers, and industrial products in Zhambyl Region. Investments amount to KZT 536 billion, with 1,200 jobs to be created. Planned output is 800,000 tons of products per year. Launch is scheduled for next year.

LLP Sastobe Chemical Complex in Turkestan Region – production of caustic soda, PVC, and related materials. Investments total KZT 153.9 billion, with 940 jobs. Planned annual output includes 100,000 tons of caustic soda, 120,000 tons of PVC, 200,000 tons of calcium carbide, and 400,000 tons of lime. Launch is scheduled for 2027.

Private Company Qazaq Kalium Ltd – a beneficiation and production complex for potash salts at the Satimola deposit in West Kazakhstan Region. Investments amount to KZT 1.2 trillion, with 4,000 jobs to be created. Planned output is 1.5 million tons of potash fertilizers per year. Launch is scheduled for 2027.

LLP Taiqonyr Qyshqyl Zauyty – a sulfuric acid plant in Turkestan Region. Investments total KZT 113.5 billion, with 274 jobs. Planned output is 800,000 tons of sulfuric acid per year. Launch is scheduled for 2027.

Expansion of production at JSC Qarmet with the launch of new types of steel products in Karaganda Region. Investments amount to KZT 1.6 trillion, with 1,900 jobs to be created. Planned capacity is at least 5 million tons of steel per year. Commissioning is scheduled for 2028.

JSC SSGPO – a hot briquetted iron production plant in Kostanay Region (Phase I). Investments total KZT 920 billion, with 1,000 jobs. Planned output is 2 million tons per year. Launch is scheduled for 2028.

In addition, in line with the Head of State’s instructions to form a new investment cycle focused not on the raw materials sector but on projects that create value added and stable jobs, the Government has intensified efforts to attract foreign investors specifically into processing industries, metallurgy, chemicals, and materials production. A portfolio of 20 large projects with foreign participation has been formed, totaling approximately KZT 5.7 trillion and creating more than 11,000 jobs. The highest concentration of such projects is in Zhambyl Region, with five projects, and Pavlodar Region, with four projects. In terms of investment volume, Zhambyl Region leads with KZT 1.47 trillion, followed by Pavlodar Region with KZT 1.02 trillion, as well as Kostanay Region with a major project worth KZT 920 billion.

By sector, investment volumes are distributed as follows:

• non-ferrous metallurgy – KZT 1.95 trillion (3 projects);
• ferrous metallurgy – KZT 1.76 trillion (6 projects);
• chemical industry – KZT 1.71 trillion (6 projects);
• projects are also being implemented in the production of construction materials, woodworking, and mechanical engineering.

In addition, nine multilateral projects involving more than two countries are being implemented, totaling approximately USD 2.4 billion and creating over 2,800 jobs.

“The Government is implementing a range of measures to ensure a favorable investment climate. Financing of projects is supported through financial instruments of the quasi-public sector. Since 2022, taking into account the ‘blending’ mechanism, more than KZT 700 billion has been allocated for the implementation of 116 projects across various sectors of the economy. Taking into account projects being launched this year and over the next two years, it is planned to create more than 30,000 permanent jobs,” said Deputy Minister of Industry and Construction Olzhas Saparbekov.

Improved conditions for foreign investors, the work of the Investment Headquarters, and a specific portfolio of projects in key industrial regions are creating a favorable investment climate. Industrial initiatives are supported through infrastructure provision and targeted financing. The “blending” principle makes it possible to combine public funds with market financing, attracting significantly larger investments with relatively modest budgetary expenditures.

At the same time, the 2026 budget provides for new instruments to support the sector: through the Development Bank of Kazakhstan, the Industrial Development Fund, and Qazaqstan Investment Corporation, around 30 new projects are planned to be supported. This will ensure hundreds of billions of tenge in investment and growth in non-commodity production volumes. Investment initiatives for 2026–2028 have also been prepared, including increasing the capitalization of development institutions and a leasing financing program for equipment modernization.

#Economy #President's instruction

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