Kazakhstan is set to launch a large-scale industrial expansion in 2025, with the government committing $3 billion to implement 190 new projects nationwide. These initiatives are expected to create around 23 000 permanent jobs and boost long-term economic development.
A major focus of the investment will be the mining and metallurgy sector - one of the country’s key economic drivers. Nearly $839 million will be allocated to building new production facilities across regions such as Karaganda, Turkistan, Akmola, Pavlodar, and Zhambyl. These facilities will manufacture a range of metal products, including copper, aluminum, and ferroalloys.
Looking ahead, Kazakhstan plans to double its copper ore production to 300 million tons by 2030, with new mining operations slated for Aidarli, Koksay, and Benkala. Iron ore output is also set to grow by 40%, reaching 52 million tons, supported by domestic processing and the launch of hot briquetted iron projects.
To increase the value of its industrial exports, the government is prioritizing deeper processing of raw materials. By 2025, copper refining is expected to double, aluminum processing will grow by 50%, lead production will more than double, and zinc output is projected to rise by 11%.
Metallurgy already accounts for 8% of Kazakhstan’s GDP, employs about 224 000 people, and produced over $14 billion worth of goods in 2023. Officials say the new investment wave will further accelerate the shift from exporting raw materials to producing high-value industrial goods.
Deputy Minister of Industry and Construction Olzhas Saparbekov emphasized that the strategy aims to modernize Kazakhstan’s industrial base and position it as a competitive, export-oriented economy.
Kazakhstan has elected its first unicameral Kurultai, bringing into force a sweeping political overhaul launched less than a year ago. The vote mar...
Syrian and Israeli officials held U.S.-brokered talks in Jordan on Sunday to ease tensions after an Israeli strike on a Syrian airbase near Tü...
Uzbekistan is looking to Singapore as it builds a fintech ecosystem designed to attract global investment, technology companies and talent....
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Syrian and Israeli officials held U.S.-brokered talks in Jordan on Sunday to ease tensions after an Israeli strike on a Syrian airbase near Türkiye last week.
Kazakhstan has elected its first unicameral Kurultai, bringing into force a sweeping political overhaul launched less than a year ago. The vote marks a major step in implementing the country’s new Constitution.
Uzbekistan is looking to Singapore as it builds a fintech ecosystem designed to attract global investment, technology companies and talent.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Azerbaijan and Uzbekistan have moved to deepen their strategic partnership, with President Ilham Aliyev’s state visit focusing on political ties, education, culture and stronger links between Central Asia and the South Caucasus.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment