The volume of foreign direct investment in Kazakhstan’s manufacturing industry may reach $10 billion by the end of the year. The figure made up $2.5 billion in the first quarter. The industry’s production volume has grown almost twice over the past five years. The share of the chemical industry increases as well. The figure has doubled over 5 years, exceeding 4%. According to the head of Kaznex Invest Borisbiy Zhangurazov, there is significant export capacity in the production of petrochemical products, fertilizers, agrochemicals and polypropylene.
Borisbiy ZHANGURAZOV, CHAIRMAN OF BOARD, KAZNEX INVEST:
The chemical industry has been actively growing over the past few years. In general, the chemical industry growth was 5-6% and reached 30% per year. In 2015 the volume of chemical industry reached 244 billion tenge.
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