Kazakhstan plans to implement a pool of 200 investment projects this year aimed at generating import substitution worth 1.5 trillion tenge, according to statements made at a board meeting of the Ministry of Industry and Construction.
The flagship projects include new production facilities for mineral fertilizers, specialised machinery and ferrosilicon in the Zhambyl, Pavlodar and Karaganda regions.
Once all projects reach full capacity, total output is expected to amount to approximately 2.3 trillion tenge. Of this, around 0.5 trillion tenge is projected for export markets, while 1.5 trillion tenge will contribute directly to import substitution.
First Deputy Prime Minister Roman Sklyar instructed the ministry to accelerate the launch of the National Industrial Information System and to present a new model for the development of special economic zones within one month. He also tasked officials with expanding geological exploration to 2.2 million square kilometres and updating plans related to rare metals development.
Earlier, citing a forecast by MINEX Kazakhstan, analysts noted that the country’s mining and metallurgical complex in 2026 will operate under the simultaneous influence of rising global metals demand and tightening domestic regulatory and fiscal conditions. According to the review, the sector is entering a phase of deep structural transformation.
