Expanding Infrastructure: Plans to Construct New Factories and Businesses in the Turkestan Region
** turkestan region bolsters economic development through investment projects**
Participants including investors, regional and city leaders, heads of entrepreneurship and investment-focused departments, and other key figures convened for a meeting in the Turkestan region, where they discussed ongoing investment projects. The regional leader tasked responsible officials to expedite accomplishments and provide support for these ventures.
Nuralkhan Kushirov, the regional leader, emphasized the importance of addressing organizational, coordination, and infrastructural challenges promptly to foster productive facilities and bolster domestic product volume. During the gathering, entrepreneurs and investors presented their proposals, with organizational improvement suggestions given to less efficient leaders.
120 individuals have been employed at Xingtai Tiancheng Textile Co., Ltd.'s investment project in Sauran district, which is centered on cotton spinning and textile production. In the Ordabasy district, a facility dedicated to cattle bone processing to procure fat and gelatin components is under development. The second stage of the "JJasyl Suyq Qazaqstan" LLP's cooling equipment production plant is currently under construction in Turkestan city. Other projects on discussion include floor covering, disposable tableware, dried fruit factories, and more.
Significant investments have been attracted by the Turkestan region since the start of the year, totaling 196.5 billion tenge, which is 1.5 times more than the same period in 2021. A pipeline of 110 investment projects focusing on 2025-2028 has been established, which will drive regional growth. In 2022, 57 investment projects amounting to 322 billion tenge and creating 6,908 jobs are scheduled to commence. Investment opportunities in industrial zones and small industrial parks are available.
Aside from the mentioned projects, the Enrichment Data reveals further initiatives to invigorate the Turkestan region’s economy. This includes the construction of a corn deep-processing plant worth 35 billion tenge, a sulphuric acid plant by Kazatomprom, and potential bilateral collaboration with Turkmenistan. The TURAN Special Economic Zone promises tax and custom incentives for investors.
All these endeavors demonstrate the Turkestan region's commitment to diversifying its economy, attracting foreign investment, and fostering regional cooperation. Although more information on the meeting's specific outcomes and future strategies is not available, it is clear that the region has set ambitious economic development goals.
At the meeting in the Turkestan region, discussions centered on investment projects aimed at furthering the region's financial development and diversity within the business sector. To achieve this, the regional leader highlighted the necessity of addressing infrastructural, organizational, and coordination challenges to support the growth of various industries, such as textile production, cattle bone processing, cooling equipment production, floor covering, disposable tableware, and dried fruit factories.
