[ad_1]
ASTANA – The federal government of Kazakhstan launched a report on financial exercise in 2022, specializing in key leads to enterprise relocation, agriculture, transport and logistics sector, oil and fuel business, and vitality. Listed below are some highlights.
Picture credit score: depositphotos.com
Enterprise relocation
Kazakh President Kassym-Jomart Tokayev has tasked the federal government with creating an accommodating local weather for international enterprises to relocate to Kazakhstan. In consequence, 21 international corporations relocated their workplaces and manufacturing to the nation by 2022. In the meantime, the Kazakh authorities is collaborating with 13 extra enterprises and negotiating with one other 28 international corporations.
Particularly, the Honeywell U.S. firm launched the manufacturing of fuel analyzers in Atyrau and management cupboards in Almaty. The Ural Bikes U.S.-Russian firm localized the manufacturing of heavy-class bikes in Petropavlovsk, and the Weir Minerals U.Ok. firm opened a manufacturing middle to assemble and restore pumping tools, hydro cyclones, and valves in Almaty.
This 12 months, Kazakhstan has adopted the Program for the Improvement of Home Worth and Export-Oriented Industries till 2026 to supply the house market with aggressive domestically produced items with subsequent export. It’s deliberate to launch the manufacturing of 761 items which are anticipated to extend non-resource exports by practically $15 billion.
Agriculture
Within the first 11 months of this 12 months, the agricultural sector confirmed the very best progress fee: the quantity of gross output elevated by 8.5 % and reached 8.8 trillion tenge (US$19 billion).
This 12 months, the federal government doubled financing for spring discipline and harvesting work from 110 billion (US$238.5 million) to 220 billion tenge (US$477.1 million) to reduce doable dangers related to volatility on the earth meals markets. As well as, the Zhasyl Damu firm allotted one other 40 billion tenge (US$86.7 million) for leasing agricultural equipment. In consequence, the nation harvested report yields for the primary time in 10 years. Some 22.8 million tons of grain have been threshed.
In 2022, some 227 funding tasks price 214 billion tenge (US$464.1 million) have been put into operation, with their quantity to be elevated to 237 by the top of the 12 months. Almost 5.2 million hectares of agricultural land have been returned as state property, and one other 5 million hectares are deliberate to be returned in 2023.
Transport and logistics sector
Kazakhstan continues implementing main infrastructure initiatives and plans to modernize the main railway community in addition to entry roads. Over the following three years, it’s anticipated to restore greater than 2,000 kilometers of railway tracks.
As a part of its plan to develop worldwide transport routes, Kazakhstan signed a joint Roadmap with Azerbaijan, Türkiye, and Georgia for 2022-2027 to eradicate bottlenecks and strengthen the Trans-Caspian Worldwide Transport Route (TITR). The nation additionally plans to extend the capability of the Aktau and Kuryk seaports, create a container hub and replenish the service provider fleet with ten new ferries.
Oil and fuel business
The development of a fuel processing plant with a capability of 1.1 billion cubic meters has begun on the Kashagan oil discipline. The Wellhead Stress Administration Undertaking, scheduled to be accomplished as early as 2023, is underway on the Tengiz oil discipline. The challenge for added processing of three billion cubic meters of fuel has began on the Karachaganak oil and fuel discipline.
The nation launched an Improved Mannequin Contract this 12 months, offering a number of fiscal and regulatory preferences. Particularly, this may make it doable to begin funding tasks price $9 billion in 2023 for the Kalamkas-Khazar and Karaton fields.
Power
In 2022, a fuel turbine plant with a capability of 57 megawatts was commissioned on the Aktobe energy plant. The development of 12 renewable vitality tasks for 385 megawatts was accomplished, auctions have been held to fee maneuvering capacities of 1,200 megawatts, and choose renewable vitality tasks with a complete capability of 440 megawatts.
The Kazakh authorities and Svevind Power Group signed an funding settlement to assemble a inexperienced hydrogen manufacturing and distribution hub within the Mangystau Area. The challenge entails constructing and working a desalination plant with a 255,000 cubic meter capability per day, a 40-gigawatt renewable vitality station (wind, photo voltaic), and a 20-gigawatt water electrolysis manufacturing, primarily for export or home consumption.
Additionally, Kazakhstan and the Fortescue Future Industries inexperienced vitality firm agreed to implement inexperienced hydrogen tasks through the twenty seventh United Nations Local weather Change Convention (COP27) held in Egypt.
Yesterday, on Dec. 27, the federal government held its remaining assembly, recapping the outcomes of its work in 2022 and laying out the course for 2023.
[ad_2]
Source link
