Kazakhstan will launch 27 new production facilities

In 2020–2021, 27 new industries that have no analogues in the country will be created in Kazakhstan. The projects were supported by the “Samruk-Kazyna” Foundation in the framework of a new format for supporting domestic industry - off-take contracts.

“The total amount of concluded off-contract agreements from 2018 to the present has amounted to 9.2 billion tenge. The total investment for 2018-2019 amounted to 215 billion tenge. New productions will allow creating over 1.5 thousand new workplaces in 2020–2021,” said Yerbol Bekov, Director of the Analysis and Marketing Department of “Samruk-Kazyna Contract” LLP.

New projects will be created in the field of railway and oil and gas engineering. So, Kazakhstani entrepreneurs will produce railcar retarders, multifunctional equipment sets, as well as pumping equipment for pumping oil and other liquid media.

The off-take contract mechanism was introduced in 2018 and allows entrepreneurs to receive a guaranteed long-term order of products planned for release in the framework of creating a new production facility in advance. The main condition is the lack of similar production in Kazakhstan.

In turn, the Deputy General Director of “Samruk-Kazyna Contract” LLP Temirzhan Abdrakhmanov noted that currently, under the import substitution program, mandatory use of national standards is being introduced in the formation of technical specifications, payment terms for procurement contracts have been reduced from 30 to 20 business days and a central project office for import substitution and local content development was created.

26-02-2020 19:13