Kazakhstan's Pavlodar region plans to create 1300 jobs by year-end (Exclusive)
Baku, Azerbaijan, Oct. 18
By Rashid Shirinov – Trend:
Three projects with a total investment of 11.6 billion tenge have been implemented in Kazakhstan’s Pavlodar region since the beginning of this year, the region's administration told Trend.
The management of the region is working to attract investors and implement new projects, including those with foreign participation, in order to improve the welfare and increase the nominal income of the population, as well as create new jobs.
"By the end of the year, it is planned to introduce five projects with a total investment of 58.9 billion tenge and to create 1300 jobs," the region's administration noted.
Moreover, the region plans to implement a number of investment projects with the participation of foreign partners in the next three to four years. Construction of enterprises in chemical, metallurgical, electric power and agricultural industries is expected.
"The Department of Industrial and Innovative Development of the region carries out systematic work to attract foreign investment. All available tools to attract investments are involved," the message said.
It is worth noting that Pavlodar is one of the largest industrial and economically developed regions of Kazakhstan. It accounts for 60 percent of coal production, 40 percent of electricity generation, 65.2 percent of ferroalloy production and 46.3 percent of gasoline production in the country.
There are about 1000 industrial enterprises in Pavlodar region, as well as industrial zones with low cost of electricity, engineering and transport infrastructure.
The official exchange rate on October 18 is 363.26 KZT/USD.