At the meeting of the investment headquarters, the main terms of Investment Agreements aimed at modernizing key enterprises, creating new jobs and developing innovative industries were reviewed and approved.
The conclusion of an Investment Agreement with Qarmet JSC was approved. In 2024, as part of fulfilling its investment obligations, the company invested $1.3 billion in the modernization of the plant and the development of infrastructure to create high-value clusters. At the same time, as part of a long-term strategy, the company plans to allocate $3.5 billion for the implementation of investment projects by the end of 2028. The modernization of the Qarmet plant will be an important step in the socio-economic development of the region.
In addition, the conclusion of an Investment Agreement for the construction of a plant for the production of oriented chipboard and laminated chipboard by Ultradecor Trading Kazakhstan LLP in the North Kazakhstan region was approved. The implementation of the project will create a multiplier effect for the development of the manufacturing industry and bring about 82 billion tenge of investments into the economy.
A project to build a water pipeline with a cascade of hydroelectric power plants on the Ugam River in the Turkestan region was also approved. The total investment in the project is about 190 billion tenge. The aim of the project is to provide high–quality drinking water to about 1 million residents of the Turkestan region. The project is also aimed at covering the electricity shortage in the region, improving sanitary and hygienic conditions and the overall quality of life of the local population.
These initiatives demonstrate the steady development of Kazakhstan's industrial potential, focused on the introduction of modern technologies, the creation of high-paying jobs and the growth of the competitiveness of the country's economy.

Source : https://www.gov.kz/memleket/entities/ontustik/press/news/details/919017