Zhambyl region initiates investment projects to boost industrial sector

ASTANA – Eight investment projects estimated at 16.9 billion tenge (US$51.1 million) will be launched this year in the Zhambyl region, according to the regional industrial-innovative development department. The initiatives will create 947 new jobs.

Kazinform

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“Overall, 36 investment projects worth a total of 584.2 billion tenge (US$1.7 billion) are being implemented in the Zhambyl region as part of the industrial and innovative development state programme in the second five-year period 2015-2019. These projects will create 6,380 jobs,” said department head Arnur Mukhamedzhanov.

Taraz-based Kazphosphate will open the second stage of its mineral fertiliser plant as part of the national map to increase production. The 8-billion tenge (US$24 million) project has a capacity of 500,000 tonnes per year and new jobs will be created for existing employees.

BioVetKZ is planning to open a biofactory in the Kordai district producing veterinary medicinal products in compliance with GMP and GLP standards. The 2-billion tenge (US$6 million) project, with an annual capacity of 25 million units, is expected to create 55 new jobs.

kazinform 1

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A local company will be modernising and reconstructing the Aksuyek enriching factory in the Moiynkum district to process extracted lead-zinc ores. The project cost is 1.2 billion tenge (US$3 million); the design capacity, 15,500 tonnes of lead-zinc concentrate per year. The plant will create 300 jobs.

The region also intends to rebuild the Merken petroleum refinery mini-plant to a design capacity of 39,102 tonnes per year. The 662-million tenge (US$2 million) project will create an additional 70 new jobs.

The region is seeing an increase in production and the number of workers employed in small and medium-sized businesses.

“As of May 1, 60,578 small and medium-sized businesses are operating in the region. There are 5,519 legal entities, 49 medium business enterprises, 38,269 entrepreneurs and 16,741 farms. The number of people employed in small and medium-sized businesses totals 127,659 people with an increase of 111.1 percent compared to the same period last year,” said Mukhamedzhanov.

The small and medium-sized enterprises contributed 414.9 billion tenge (US$1.2 billion) in the past year, an 101.2-percent increase compared to the previous 12 months.

“This year, the enterprises produced goods in the first quarter worth 133.3 billion tenge (US$403 million). The index of physical volume amounted to 116.2 percent. At the same time, the volume of mining products amounted to 15.7 billion tenge (US$47 million) or 117.6 percent compared to this figure in 2017. The share of the mining industry is 11.8 percent of the total volume of industrial production. The manufacturing industry produced production of 90.9 billion tenge (US$275 million) with an increase of 118.2 percent,” he said.