BAKU, Azerbaijan, June 1. Kazakhstan’s Prime
Minister Olzhas Bektenov discussed the progress of preparatory
works for the construction of a large industrial park in the
Pavlodar region with Zhao Tingyun, Vice Chairman of the Board of
Singapore’s XINFA GROUP, Trend reports via the Kazakh government.
During the meeting, the parties reviewed the current status of
the project implementation. Zhao Tingyun noted that a land plot has
already been identified and the company has engaged a design
institute for the development of the industrial park.
The Prime Minister instructed relevant government agencies to
provide maximum support for the implementation of the large-scale
investment project, which has a total estimated value of $15
billion. The project is expected to have a significant multiplier
effect on both regional and national economic development.
The concept of the full-cycle industrial park envisages the
creation of a highly integrated production chain with deep
processing of bauxite into aluminum. Planned annual capacities
include 4.8 million tons of alumina production and 2.4 million tons
of electrolytic aluminum, with deep processing volumes reaching 1.2
million tons per year.
The project is expected to create around 10,000 jobs.
Construction of production facilities is scheduled to begin this
year, with the launch of the first phase planned for 2028 and full
capacity expected by 2029.
