Four new factories worth millions of dollars to appear in East Kazakhstan

East Kazakhstan region is set to see 40 investment projects until 2032 / Photo: Shutterstock, photo editor: Milosh Muratovskiy

The East Kazakhstan region will see the implementation of 40 investment projects worth $1.79 billion through 2032, according to Yermek Kosherbayev, the region’s governor. Of these, 10 projects totaling $90.42 million are already underway in 2024. Thanks to the massive construction effort, 478 jobs have been created.

This year’s 10 projects include the construction of two factories. The first is a $2.94 million facility designed to process non-ferrous scrap metal, implemented by a Turkish investor. The other one is a $2.35 million polyethylene pipe production facility by the UKA Trubteh company. Kosherbayev noted that both factories will not only meet the needs of local companies but also export their products abroad in the future.

Additionally, a new gold processing plant with an annual capacity of 250,000 tons of ore has been launched this year in the Maraldy settlement. The project has been commenced by the VSAM Production company.

Two more ore mining and processing enterprises are planned for construction in the East Kazakhstan region in the mid-term:

One will aim at copper production and processing in the Tarbagatay district, with an annual capacity of up to 25 million tons of ore. The project features an investment volume of around $424.24 million and the creation of 1,000 new jobs. Its products are planned for export to China and member states of the Eurasian Economic Union (EEU);
Another project in the Ulan district will specialize in lithium production and processing with a main focus on exports. The project costs approximately $461.55 million and is expected to establish 120 new jobs.

«We are working on diversifying the economy and seeking alternative deposits to replenish our mineral resource base, particularly at the Novo-Leninogorsk, Dolinnoye and Chekmar (Kazzinc) fields. This work will ensure stable output through 2040. Nine additional sites, including rare-earth metal and polymetallic deposits, also report active exploration work,» Kosherbayev said.

This year, the East Kazakhstan region reported 6.5% economic growth and the volume of industrial output reached $4.12 billion, marking a 3.1% increase year-on-year.