Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Kuantyrov participated in a meeting of the Regional Investment Headquarters, where officials reviewed key projects aimed at supporting the socio-economic development of the Atyrau Region, DKNews.kz reports.
The discussions focused on attracting investment, improving the regulatory environment, developing infrastructure and strengthening state support mechanisms for investors.
Atyrau remains Kazakhstan’s economic powerhouse
During the meeting, Alibek Kuantyrov highlighted the strategic importance of the Atyrau Region to the national economy.
According to him, the region accounts for:
- more than 60% of Kazakhstan’s oil production
- around 80% of the country’s gas production
He emphasized the need to further diversify the regional economy by developing:
- the petrochemical industry
- energy projects
- logistics infrastructure
- high-value-added manufacturing
Investment key to achieving national growth targets
Participants also discussed the government’s goal of expanding Kazakhstan’s economy to $450 billion by 2029 and attracting at least $150 billion in foreign direct investment.
In this context, special attention was paid to the role of regional investment headquarters in forming competitive investment portfolios and accelerating project implementation.
Officials stressed that effective coordination between government agencies and investors remains critical for achieving these objectives.
Strategic projects reviewed
The meeting examined the progress of several large-scale investment projects being implemented by major companies.
Among the projects discussed were initiatives involving:
- Sillen
- KMG PetroChem
- Atyrau Carriage Works
- Fibratex
- Butadiene
Participants also reviewed measures aimed at expanding the region’s tax base through the registration of contractors and subcontractors within the Atyrau Region.
Focus on Special Economic Zone development
A separate session was dedicated to the development of the Atyrau Special Economic Zone (SEZ).
Key issues included:
- construction of utility infrastructure
- development of industrial facilities
- expedited approval of internal SEZ regulations
Officials noted that the successful development of the SEZ will create favorable conditions for attracting new investors and industrial enterprises.
Visits to industrial enterprises
As part of his working visit, Alibek Kuantyrov toured several industrial facilities in the region.
At Talshykteks LLP, discussions focused on:
- textile manufacturing development
- advanced processing of raw materials
- expansion of production capabilities
During a visit to Fibratex LLP, attention was given to:
- increasing production capacity
- state support measures for investors
- future investment projects
60 projects worth more than 7 trillion tenge
Officials reported that the Atyrau Region currently has a portfolio of 60 investment projects.
The projects represent:
- more than 7 trillion tenge in total investment
- over 6,000 permanent jobs
According to participants, the implementation of these projects will contribute to economic diversification, strengthen industrial capacity and increase the region’s overall investment attractiveness.
Why this matters
Although Atyrau remains Kazakhstan’s leading oil and gas producing region, the government is increasingly focused on diversifying the local economy through manufacturing, petrochemicals, logistics and industrial development.
The implementation of more than 60 investment projects could help reduce dependence on the energy sector, create thousands of jobs and support Kazakhstan’s broader goal of attracting large-scale foreign investment and expanding economic growth.
