Investment attraction and industrial development were at the center of discussions in the Ulytau Region during a meeting of the Regional Investment Headquarters, DKNews.kz reports.
The meeting was attended by Deputy Minister of Foreign Affairs Alibek Kuantyrov and chaired by the region’s Akim Dastan Ryspekov, bringing together government officials and business representatives.
Shift toward processing and high-tech industries
Speaking at the meeting, Alibek Kuantyrov highlighted the region’s significant industrial potential and the need to move beyond a resource-based economy.
“The Ulytau Region has large deposits of copper, iron ore, manganese, coal, and rare earth metals, which creates significant potential for industrial processing,” he noted.
The discussion focused on transitioning toward:
- processing industries with higher added value
- high-tech production
- deeper utilization of mineral resources
Investment climate and state support
Participants reviewed key measures aimed at improving the investment climate and supporting project implementation.
These include:
- tax incentives for investors
- investment guarantees
- one-stop-shop support for projects
- protection of investor rights through the investment ombudsman
Such tools are designed to reduce risks and attract both domestic and foreign investment.
Infrastructure and industrial priorities
The meeting also emphasized the importance of developing supporting infrastructure and industrial capacity.
Priority areas include:
- downstream mineral processing projects
- mining and metallurgical facilities
- energy infrastructure
- industrial and logistics systems
These sectors are expected to drive long-term economic growth in the region.
Industrial projects in Zhezkazgan
As part of the working visit, the delegation toured several industrial sites in Zhezkazgan.
Among them:
- the “Yutaria” garment factory, which is внедряет AI technologies
- logistics infrastructure projects under construction
- food production facilities
These projects demonstrate the diversification of the regional economy beyond traditional industries.
Investment outlook to 2030
The region continues to show strong investment dynamics.
By the end of last year:
- total investment in fixed capital exceeded 260 billion tenge
Looking ahead:
- a pool of 25 projects worth around 500 billion tenge is planned by 2030
- more than 2,000 permanent jobs are expected to be created
Key sectors include:
- chemical industry
- processing industries
- agro-industrial cluster
- development of industrial zones
Why this matters
The Ulytau Region’s development strategy reflects Kazakhstan’s broader economic transformation agenda.
Key implications include:
- diversification away from raw materials
- creation of value-added industries
- attraction of long-term investment
- job creation and regional development
The focus on infrastructure, innovation and investor protection signals a shift toward a more sustainable and competitive industrial model.
