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Kazakhstan expands list of activities for several special economic zones

Kazakhstan Materials 19 January 2021 15:24
Kazakhstan expands list of activities for several special economic zones

BAKU, Azerbaijan, Jan. 19

Trend:

Kazakhstan is carrying out active work on developing special economic and industrial zones in order to boost foreign economic relations, accelerate the development of the Central Asian region, support economic sectors and solve social problems, attract investments, technologies, and modern management, create highly efficient and competitive industries, Trend reports citing the Ministry of Industry and Infrastructural Development.

As an example of such work, the ministry mentioned expanding the list of activities of several special economic zones (SEZs) in 2020.

“Last year, the territory of the ‘Seaport Aktau’ SEZ was expanded by 130 hectares for the construction of the multifunctional complex ‘AKTAU RESORT HOTEL’, and also types of activities for the organization of recreation and entertainment in the ‘Seaport Aktau’ were added,” said the ministry.

In the special economic zone ‘TURKISTAN’ the following activities have been added:

- construction and commissioning of the international airport of the city of Turkestan, including the airfield, air terminal, and runways in accordance with the design and estimate documentation;

- airport and air traffic management; activities of terminals, airports; activities related to ground handling at aerodromes.

The special economic zone ‘TURKISTAN’ was created in 2018 on the initiative of the First President of Kazakhstan Nursultan Nazarbayev. The goal of the project is the accelerated development of the city of Turkestan, ramping up of its tourist potential and its further formation as the spiritual capital of the Turkic world as a whole.

The zone consists of 4 sub-zones. Its total area is 3,014 hectares, of which 297 are envisioned for historical and cultural centers, 1,350 for administrative and business centers, 400 for industrial, and 967 for airport territories. In order to create favorable investment conditions, until 2043, it’s envisioned to exempt potential investors arriving in the zone from customs, corporate income tax, land, property tax, value-added taxes and provide them with a land plot free of charge.

Besides, in 2020, the territories of the Astana-Technopolis SEZ were expanded by 21 hectares and the Qyzyljar SEZ by 5 hectares for the construction of multifunctional hospitals.

The activities of the ‘Park of Innovative Technologies’ SEZ were also expanded for the development of the pharmaceutical-medical cluster and the ‘Astana - a new city’ SEZ for the production of artificial lung ventilating devices.

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