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Numerous projects to be implemented at Kazakhstan's Almaty industrial zone

Business Materials 18 August 2020 16:25 (UTC +04:00)
Numerous projects to be implemented at Kazakhstan's Almaty industrial zone

BAKU, Azerbaijan, Aug. 18

By Nargiz Sadikhova - Trend:

A total of 38 projects worth 160 billion tenge ($382.1 million) will be implemented at Kazakhstan’s Almaty Industrial Zone over the next couple of years, CEO of the Almaty Industrial Zone Berikbol Mandiyev said, Trend reports with reference to Kazakh media.

Mandiyev made the announcement during a video conference held today, Aug. 18, 2020.

He said that at the same time, four smaller industrial parks will be put into operation before the end of 2020. Currently, construction companies have already begun the work at the sites.

The total area of the production premises will be 36,000 square meters. Ventures manufacturing construction materials, furniture, goods of lights and food industries will operate at the industrial parks.

The project for development of small industrial parks is implemented within the framework of the Almaty Business 2025 state program for development of small and medium business. The program oversees construction of production premises within the city in cooperation with investors or the owners of the future ventures.

The production premises will be offered to the business on the preferential conditions, Mandiyev added.

Earlier this month, Kazakhstan’s Ministry of Trade and Infrastructural Development said that a total of six smaller industrial parks will be commissioned in the Almaty Industrial Zone in Kazakhstan in 2020.

The overall industrial area of the parks will be 28,000 square meters, where about 70 industrial ventures will be set up. A total of over 700 new jobs will be created as a result of the parks' creation.

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