Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held a meeting with Chairman of the Board of Directors of the Chinese corporation East Hope Group Liu Yongxing. Akim of Kostanay region Kumar Aksakalov took part in the discussion of the prospects of the new investment project.

The project provides for the creation of a full-cycle industrial park for aluminum production using the principles of circular economy and renewable energy sources. It is planned that the implementation of the project in the Kostanay region will take place in stages in 2025-2029. The total amount of investments under the project in the region will amount to about 3 billion US dollars.

At the first stage, the following are planned:

construction of a mining and processing plant for bauxite processing with a capacity of up to 6 million tons per year;
launch of alumina production;
construction of all necessary engineering infrastructure.

Kostanay region offers a plot of 800 hectares with close access to water, gas and electricity supply networks, as well as to railways and highways. Additionally, the possibility of creating a special economic zone with tax and administrative preferences is being considered.

Position of the akim of the region:

"The implementation of the aluminum production project in Kostanay region is a strategically important step. We have everything you need: natural resources, infrastructure, logistics and support at all levels. We are ready to provide conditions for the location of the entire production complex and provide the necessary support to investors," Kumar Aksakalov said.

The project meets the key objectives set by the Head of State for the formation of a diversified, technologically and environmentally oriented economy. Its implementation will give a powerful impetus to the development of the industrial sector of Kostanay region and the entire northern region of the country.

Source : https://www.gov.kz/memleket/entities/kostanay/press/news/details/1014041?lang=kk