Minister of Industry and Construction Yersayin Nagaspayev outlined plans for new industrial facilities and a methodology to assess the balance of production capacity at a government press conference.
Under the President’s Address, Kazakhstan plans to implement around 600 new investment projects in manufacturing by 2030. A total of 190 projects were launched last year. The target for the end of this year is 200, of which 116 have already been implemented.
Prospective projects include two copper smelters in Karaganda Region and Abai Region, the Ertis hydrometallurgical plant in Pavlodar Region, and the EuroChem-Karatau production complex in Zhambyl Region. The minister also highlighted plans for a potassium salt complex in West Kazakhstan Region and an ammonia-urea production complex in Mangystau Region.
Nagaspayev said a small and medium-sized business cluster is taking shape around the KIA Kazakhstan car plant in Kostanay Region and a multi-brand plant in Almaty. Domestic businesses produce automotive components, multimedia equipment, seats, wiring harnesses and other products.
The minister also addressed the President’s instruction to prevent imbalances in metallurgical production capacity. He cited Qarmet, which produces around 80% of the steel made in Kazakhstan. The need to open new facilities is under special review.
Amendments to the Entrepreneurial Code and the Law on Industrial Policy introduced a mechanism for assessing production-capacity balances. The methodology approved by the ministry assesses the need for new facilities based on existing capacity, domestic market demand and export potential.
Assessment results will also be taken into account when state support is allocated. According to the minister, the approach will apply to all industrial projects in Kazakhstan.
