Investment and Industrial Development Discussed in Ulytau Region

Deputy Minister of Foreign Affairs Alibek Kuantyrov took part in a meeting of the Regional Investment Headquarters during his working visit to the Ulytau Region. The meeting was chaired by the Akim of the region, Dastan Ryspekov.

The platform brought together representatives of government agencies and the business community to discuss the investment climate and project implementation.

Speaking at the meeting, Alibek Kuantyrov highlighted the region’s strong industrial potential and emphasized the need to transition from a resource-based model to the development of processing industries and high-tech production.

“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.

Participants also discussed government support measures, including tax incentives, investment guarantees, one-stop-shop project support, and the protection of investor rights through the investment ombudsman institution.

During the meeting, the parties emphasized the need to develop further downstream mineral processing projects, mining and metallurgical facilities, energy infrastructure, and supporting industrial logistics.

In Zhezkazgan, the delegation visited several industrial facilities, including the “Yutaria” garment factory, which is implementing AI technologies, as well as logistics and food infrastructure projects currently under construction.

At the end of last year, total investment in fixed capital exceeded 260 billion tenge. Priority areas include the development of the chemical and processing industries, the agro-industrial cluster, and industrial zones. Special attention is given to investor support and protection mechanisms. By 2030, a pool of 25 projects worth approximately 500 billion tenge is planned, expected to create more than 2,000 permanent jobs.