What projects in Mangistau region attracted foreign investments?

What projects in Mangistau region attracted foreign investments?

Kazakhstan’s regional governments are working on attracting investments. In the Munayly district of the Mangystau region, a small factory for production of pumps for the oil and gas industry has been launched with foreign capital involvement. A foreign company invested five million dollars in the project. The enterprise’s capacity is a thousand pumps a year. The factory is fully equipped with advanced technologies. The enterprise will produce equipment and perform repair works for equipment from other countries as well. Today, oil producing companies are developing in the region, but enterprises producing oilfield equipment are boosting production volumes too.


- We have started producing oil pumps for Kazakhstan’s market that meet international requirements. We will also produce them for the Caspian market, for Eastern Europe and for the Middle East. The current pumps proved to be effective for the development of oil and gas fields, in particular, in natural resource extraction.

Investors from India are planning to construct a textile factory in the region. The first stone of the future enterprise was laid in the industrial park of Aktau. The enterprise owners are planning to produce 80 tonnes of yarn and 60,000 meters of cotton fabric. The end products will be shipped for the domestic market and also for export. Three more enterprises will be launched in the industrial zone of Aktau, such as ferrochrome and steel plants, and a gas turbine station. The total cost of four projects is 360 billion tenge.


- We are planning to start building the plants this year and launch them in 2019. So, we will conduct this work simultaneously. Over a thousand new jobs will be created during construction works and 850-900 jobs will be created after the launch of all projects.