Kazakhstan plans to launch two huge industrial projects in 2017
Baku, Azerbaijan, Mar. 30
By Elena Kosolapova – Trend:
Kazakhstan plans to launch two huge industrial objects in 2017 within the State Program of Forced Industrial and Innovative Development, Kazakh Investment and Development Ministry said in a message.
It is planned to launch Prommashkomplekt complex for production of railway wheels in Pavlodar region and plant for production of sheet glass in Kyzylorda region until the end of the year.
In 2016 within the State Program of Forced Industrial and Innovative Development, Kazakhstan launched 6 new big industrial projects in metallurgy, oil refining, machinery and construction industry. The total cost of these projects hit 154.9 billion tenges (315.2 tenges = $1).
According to the ministry, direct foreign investments into the manufacturing industry increased by 1.3 times in January- September 2016 compared to the same period of 2015 to $2.6 billion.
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