In 2023, with the support of KAZAKH INVEST national company, 47 new production facilities with foreign participation were put into operation in Kazakhstan for about $1.1 billion. These projects created more than 4.5 thousand jobs for Kazakhstani citizens, the acting Chairman of the Board of JSC National Company KAZAKH INVEST, Zhandos Temirgali said in an interview with the Forbes magazine (the translation of the interview was published on the official website of KAZAKH INVEST).
The launched enterprises include the production of trucks by the Swedish Scania, the production of window profiles with the participation of the German Rehau, the production of mobile drilling rigs by the Chinese company Shengyuan Technology, the production of high-quality lime by the Belgian Carmeuse Group, and the production of ultrasound machines of the South Korean Samsung Medison.
Temirgali said that in 2024, “we plan to commission more than 45 projects. Since 2021, over 140 projects have been implemented with the participation of foreign investors. In general, we plan to maintain leadership in attracting foreign investment in the post-Soviet space, contributing to economic growth through attracting new projects”.
He also said that due to the significant increase in the role of transcontinental routes, critical minerals, and other strategic raw materials, Kazakhstan’s location in the center of Eurasia and the presence of large reserves of natural resources, including the potential for the development of renewable energy, come to the fore. In this regard, there is increased interest from European and Asian partners.
“Considering all of the above, our task currently is to attract investors who would invest in enterprises for processing raw materials with high value-added, ensuring the integration of Kazakhstan into the global supply chains of high-tech products. For example, if we are talking about critical minerals (lithium, nickel, cobalt, etc.), we would like to see projects for the production of batteries and, in terms of renewable energy, the production of components for solar and wind power plants,” Temirgali said.
