27 new enterprises, over 1.5K workplaces to be created in Kazakhstan
27 new enterprises having no analogues in the country will be created in Kazakhstan in 2020 - 2021. The projects are supported by the Samruk-Kazyna Fund under the new format to support domestic industry - off-take contracts, Strategy2050.kz reports with reference to the Fund’s press service.
It should be noted that the mechanism of off-take contracts was introduced in 2018 and allows entrepreneurs to receive a guaranteed long-term product order planned for release in the framework of creating a new production facility in advance. The main condition is the lack of similar production in Kazakhstan.
“The total amount of concluded off-take contracts from 2018 to the present has amounted to 9.2 billion tenge. Total investment volume for 2018-2019 amounted to 215 billion tenge. New enterprises will allow to create over 1,500 new jobs in 2020 - 2021”, Yerbol Bekov, Director of the Analysis and Marketing Department of Samruk-Kazyna Contract LLP, said.
The new projects will be created in the sphere of railway and oil and gas engineering. So, Kazakhstani entrepreneurs will produce railcar retarders, multifunctional equipment sets, as well as pumping equipment for pumping oil and other liquids.
In turn, Deputy General Director of Samruk-Kazyna Contract LLP Temirzhan Abdrakhmanov payed attention to the mandatory use of national standards in the formation of technical specifications as part of the import substitution program.
In addition, payment terms for procurement contracts were reduced from 30 to 20 business days and a central project office for import substitution and local content development was created, which included experts from Samruk-Kazyna, subsidiaries, NCE Atameken, industry-specific public associations, and development institutions.
