Kazakhstan's Prime Minister Olzhas Bektenov Discusses Joint Projects with Foreign Investors
The meetings took place during the IX Kazakhstan Global Investment Roundtable. Participants discussed current and prospective investment initiatives, expansion of production capacities, technology implementation, and increasing the share of local content.
Prime Minister Bektenov reviewed the results and future plans with Aksa Energy's CEO and Executive Committee Chairman, Necip Aghbal. One highlighted project was a combined cycle power plant in Kyzylorda valued at 215 billion tenge. The facility, with a capacity of 240 MW in electricity and 277 Gcal/h in thermal energy, began commercial operation in June this year.
During discussions with Carlsberg Kazakhstan's CEO Vyacheslav Maltsev, topics such as localization, development of food production, and export were addressed. The company has become the official distributor of PepsiCo in Kazakhstan. A non-alcoholic beverage plant in the Almaty region began operation on October 1 of this year, valued at 344 million dollars. The facility produces goods for both the Kazakhstani market and foreign markets, creating 230 permanent jobs.
The local content share of Carlsberg Kazakhstan's operations is 71.5%. Further cooperation with local suppliers of raw materials and packaging was specifically considered.
Bektenov discussed with Alireza Mohammad Rahimi, CEO and Board Member of Solico Group in the CIS countries, the construction of a cheese factory in the Almaty region. Investments in the project are estimated at approximately 45 billion tenge, with a projected output of 41,000 tons of products annually. The facility plans to generate about 450 permanent jobs. Construction and assembly work is ongoing, with the launch planned for 2029. New processing projects in agricultural regions were also discussed.
At a meeting with CONTEC founder and CEO Lee Song-hee, the parties explored cooperation in the space sector. Areas discussed included joint manufacturing of satellites and components in Kazakhstan, development of ground infrastructure, and localization of specific operations. Additionally, the use of artificial intelligence in satellite data processing, training Kazakhstani specialists, and potential international deliveries of joint products were addressed.
Kazakhstan expressed interest in attracting investments and launching production of high-value-added goods. The Prime Minister instructed relevant ministries and responsible organizations to support investment projects.
