ASTANA, Kazakhstan, May 28. Kazakhstan and
Russia plan to execute 24 new high-value chemical and industrial
processing ventures totaling $10 billion to scale up their
integrated manufacturing footprint, Trend reports via the press service of Kazakh
president.
The initiatives were presented to President Kassym-Jomart
Tokayev and Russian President Vladimir Putin during a high-level
review of bilateral industrial cooperation projects in Astana.
Under the states' shared industrial roadmap, the newly targeted
investment package plans to establish advanced deep-processing
facilities for raw materials and building supplies, creating 11,000
high-skilled jobs upon completion. The expansion plans build on a
massive combined economic portfolio that currently features 177
joint projects valued at $52.7 billion.
Both governments plan to leverage the 3,500 joint ventures and
over 17,000 enterprises operating with Russian capital in
Kazakhstan to fast-track tech deployment across the metallurgy,
petrochemical, and automotive manufacturing sectors.
