TURKESTAN REGION PROVIDES SOFT LOANS TO 700 BUSINESSMEN
14.02.2025 23:50:21 396
Last year, the volume of investments in fixed assets in the Turkestan region reached 1.33 trillion tenge. In the period from 2025 to 2028, 85 large investment projects worth 2.1 trillion tenge will be implemented in the region. Within the framework of these projects, new enterprises will be opened in the petrochemical, mechanical engineering, food and light industry sectors. In order to provide financial support to domestic entrepreneurs, 698 business representatives were provided with soft loans in the amount of 60.2 billion tenge through the "Unified Complex Program". In addition, last year, 16.2 billion tenge was allocated from the republican and local budgets to reduce the interest rate on loans. In total, the region has 14 industrial zones covering 1,700 hectares and special economic zones located on an area of 580 hectares. These zones provide ready-made infrastructure for enterprises, and provide tax and customs benefits.
In addition, "Small industrial parks" will be created, and entrepreneurs will be provided with ready-made industrial buildings on favorable terms. These buildings can be rented at a price 50% below the market price or paid in installments for 7 years with a 3% loan. In addition, the Turkestan regional administration has signed a number of major agreements in order to attract foreign investment to the region. In particular, the Chinese company Lihua Group plans to launch PVC pipe production, cotton processing and garment factories in the region. China Energy will also build solar power plants worth a total of $400 million. In addition, the French-Chinese joint venture CATCO will launch a uranium mining complex in the Suzak district.
In addition, in 2024, the manufacturing industry will produce 585.3 billion tenge, an increase of 113.1%. The largest increases were in metallurgy (125.1%), mechanical engineering (112%), and furniture production (162.1%). By the end of 2024, 22 new projects worth 37.2 billion tenge will be launched in the manufacturing industry, creating 985 new jobs. Among them, the production of a new type of diapers using Italian technology by “CaPable Group” worth 2.5 billion tenge, the production of equipment for dairy processing enterprises by “Borte engineering” LLP worth 1.1 billion tenge, and the garment factory by “JNRAY Group” LLP worth 1.3 billion tenge. These projects will contribute to the diversification of the country's economy and reduce dependence on imports. In addition, logistics centers and trading platforms are being developed that will allow exporting goods produced in the region to the markets of Central Asia, China and Europe.
Regional Communications Service of Turkestan Region
Source : https://www.gov.kz/memleket/entities/ontustik/press/news/details/934109