Kazakhstan Allocates Funds to Boost Qyzyljar Special Economic Zone, Paving Way for 4,000 New Jobs

The Kazakh government has approved 9.6 billion tenge ($18.460 million) from the Special State Fund to accelerate the development of the Qyzyljar Special Economic Zone (SEZ) in North Kazakhstan.

The officials noted that the Qyzyljar SEZ is already attracting strong investor interest, The Caspian Post informs via Kazakh media.

"Currently, more than 20 participants are registered in the Qyzyljar SEZ, with total declared investments amounting to 317.1 billion tenge ($609.776 million) and the creation of about 4,000 permanent jobs projected. Five projects worth 28.4 billion tenge ($54.612 million) have already been launched, generating roughly 700 new jobs,'' the government stated.

The newly allocated funding will support the construction of key infrastructure - including engineering networks and transport facilities - needed to fast-track 16 additional investment projects. These upcoming ventures span priority sectors such as food processing, mechanical engineering, and agriculture, and are expected to bring in 279 billion tenge ($536.510 million) in new investment and create over 3,000 permanent jobs.

Progress on infrastructure is already visible: water supply and stormwater systems are complete, railway construction for Subzone No. 3 is underway, and work continues on heating networks, roads, communication lines, and landscaping.

"The launch of new production facilities will strengthen the region’s industrial base and boost its investment appeal, supporting the further socio-economic development of the North Kazakhstan region", the government noted.