Kazakhstan has unveiled investment plans in the petrochemical sector, which will attract more than 4.8 trillion tenge ($9.12 billion) of investment into its chemical and petrochemical sector by 2035. The proposal, announced by the Minister of Industry and Construction Yersaiyn Nagaspayev, is part of a national strategy to diversify the economy and strengthen industrial value chains.

Nagaspayev said the investment will focus on expanding chemical production capacity serving key industries such as oil and gas and metallurgy, which are the strongest pillars of Kazakhstan's economy. Several ongoing and planned projects are already underway to increase production of polypropylene, polyethylene and other high-demand materials.

The country's huge hydrocarbon and mineral reserves will be the basis for new petrochemical complexes and downstream facilities. This strategic focus is in line with the broader objectives of Kazakhstan's Industrial Roadmap 2035, which aims to strengthen non-commodity exports, create skilled jobs, and attract foreign direct investment (FDI).(This article is from the official website of Seetao www.seetao.com. Reprinting without permission is strictly prohibited. Please indicate Seetao.com + original link when reprinting) Seetao.com Strategy Column Editor/Sun Fengjuan