Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov took part in a meeting of the Regional Investment Headquarters, where participants reviewed a number of investment projects considered vital to the socio-economic development of the Atyrau Region.
Discussions focused on attracting financing, improving the regulatory environment, developing infrastructure, and strengthening government support mechanisms for investors.
Kuantyrov highlighted the strategic role of the Atyrau Region in Kazakhstan’s economy, noting that it accounts for more than 60% of the country’s oil production and around 80% of its natural gas output. He stressed the need to further diversify the regional economy through the development of petrochemicals, energy, logistics, and high-value-added manufacturing industries.
Participants also reviewed the Government’s objective of expanding Kazakhstan’s economy to $450 billion by 2029 and attracting at least $150 billion in foreign direct investment. In this context, special emphasis was placed on the effective work of regional investment headquarters and the formation of strong regional investment portfolios.
The meeting examined the implementation of major investment projects by companies including Sillen, KMG PetroChem, Atyrau Carriage Works, Fibratex, and Butadiene. Additional attention was given to initiatives aimed at expanding the region’s tax base through the registration of contractors and subcontractors in the Atyrau Region.
A separate agenda item focused on the development of the Atyrau Special Economic Zone, including the construction of utility infrastructure and the accelerated approval of the zone’s internal regulations.
During his working visit to the region, Kuantyrov also toured several industrial enterprises. At Talshykteks LLP, discussions centered on the development of textile manufacturing and projects involving advanced raw material processing. At Fibratex LLP, he reviewed plans to expand production capacity and discussed government support measures for investment projects.
