A new investment attraction mechanism, the “Availability Payment,” has been introduced in Kazakhstan to accelerate the development of industrial zones and create sustainable conditions for the long-term presence of investors. The pilot project is being implemented in West Kazakhstan Region on the territory of the Eurasia Cross-Border Trade Center industrial zone, where 17 investment projects with the participation of foreign investors are planned for launch, according to Kazakh Invest national company.
The new mechanism provides for the construction of engineering infrastructure at the investor’s expense, followed by phased reimbursement of costs by industrial zone participants and the state after the facilities are commissioned. This approach makes it possible to reduce production launch timelines, ease the burden on the state budget, and ensure infrastructure that meets international standards.
As part of the launch of the pilot project, a Memorandum of Cooperation was signed between the Akimat of West Kazakhstan Region and Kazakh Invest. The document formalizes cooperation between the parties on attracting investors and implementing projects within the industrial zone.
Kazakh Invest will act as the operator of the industrial zone and ensure investor support, implementation of best international practices in management, and coordination of projects.
The attracted companies were included in the approved Roadmap for the implementation of 17 investment projects totaling approximately USD 370 million, with the creation of more than 1,500 jobs. It is planned to launch production in the fields of construction materials, metal structures, chemical and light industry, industrial infrastructure and energy, as well as industrial and logistics services.
West Kazakhstan Region was selected for the pilot project as a region with developed gas and transport infrastructure, a favorable geographical location, and high transit potential.
Based on the results of the pilot project, it is planned to scale the “Availability Payment” mechanism to other regions of Kazakhstan.
