Kazatomprom to Allocate $231.4 Million to South Kazakhstan Region until 2025

ASTANA – Kazatomprom head Askar Zhumagaliyev announced the company’s plans to invest in the South Kazakhstan region during a meeting with regional governor Zhanseit Tuymebayev as part of a visit to Suzak district, according to Kazinform.

“I recently had a meeting with the head of state. The national company has committed itself to economic diversification and privatisation. We passed 27 subordinate companies of Kazatomprom into private ownership. As a result of the transformation, in the current year we have saved 17 billion tenge (US$49.8 million). It is planned to save 136 billion tenge (US$398.7 million) until 2025. However, for the socio-economic development of the South Kazakhstan region, we will allocate 79 billion tenge (US$231.6 million) until 2025. For the construction of new social facilities, 800 million tenge (US$2.3 million) was already allocated. An additional 800 million tenge (US$2.3 million) will be allocated by the end of the year,” he said.

Zhumagaliyev also talked about the role of the enterprise in the socio-economic development of the region and facilities built with the participation of the national atomic operator for the import and export of uranium, rare metals and nuclear fuel for nuclear power plants.

“During the visit to the company and the field, I saw that the production uses the newest technology of the last generation. We will continue our work in cooperation with the national company. Kazatomprom contributes significantly to the promotion of the region’s economy. New enterprises were opened in Sholak Kurgan, where the products are being manufactured. Seventy percent of the companies’ employees, of which 7,000 people are locals, are residents of Suzak district. We need to improve such cooperation,” said Tuymebayev.

The sides also signed a memorandum to strengthen bilateral cooperation. The document will provide support and strengthen relations in the social development field and prevent workers’ job losses and salary cuts, as well as improve the following legislation, according to the region’s administration press service.

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