BAKU, Azerbaijan, July 29
Trend:
Three investment projects are being implemented on the territory of the Qyzyljar free economic zone in the North Kazakhstan region, Trend reports referring to Kazakhstan’s Kazinform news agency.
The first project of the free economic zone was the construction of a multifield hospital with 480 beds. The investor is the Turkish YDA Holding company.
CLAAS agricultural machinery will be assembled on the territory of the free economic zone. The plant is planned to be commissioned in August. Some 90 combines are planned to be assembled before the harvesting campaign.
The administration of the North Kazakhstan region states that the implementation of the project will ensure the renewal of the machine and tractor fleet up to six percent, solve the problem of servicing and provision with components for imported combines.
The third project is the production of ALAGEUM ELECTRIC electrical products.
“The Ministry of Industry has signed an order to expand the kinds of activity of our free economic zone,” deputy governor of the North Kazakhstan region Dauren Zhandarbek said.
“The pharmaceutical industry and papermaking have been included.”
“There is an agreement with a Russian investor on the construction of a plant for high-tech production of finished pharmaceuticals, namely, injection solutions, emulsions, pills,” Zhandarbek added.
“The amount of investments is about $30 million,” deputy governor said. “A project for the construction of a plant for the production of packaging and pigment paper is under development. The planned production volume is over 100,000 tons per year. The amount of investments is about 15 billion tenge ($35.2 million)."
The Qyzyljar Free Economic Zone was established in 2019. The facilities producing and processing food products, building materials, furniture, electronics and mechanical engineering, general hospitals and specialized hospitals may be situated there.