Kazakhstan Chamber of Commerce in the USA


Shifting the accents in Kazakh economy

Posted on January 24, 2015 by KazCham

Business Intelligence from Colibri Law Firm: Issue #100

Within the framework of the State program of accelerated industrial-innovative development of the Republic of Kazakhstan for 2015-2019 there have been concluded the investment agreements with China. The purpose is to get away from the raw model development and focus on engineering, especially transport, development of petrochemical and refining in order to export the finished fuel rather than crude oil. This includes, inter alia:

  1. The second stage of the aluminum plant in Pavlodar, which will double the capacity of the plant to five hundred thousand Tons;
  2. The quality steel plant in Rudny or Kostanay;
  3. New refineries and petrochemical industries pair;
  4. The copper smelting plant with complete production cycle of cable products;
  5. The enterprises for the production of construction materials;
  6. Agricultural production.

Furthermore, the parties have reached an agreement on the implementation of mutual settlements in tenge and yuan in order to de-dollarization of the economy.

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