They established a new special economic zone in Kyzylorda region

As Kazinform News Agency reports, Prime Minister Olzhas Bektenov has signed a resolution to establish a special economic zone in Kyzylorda region.
An area of 550 hectares along the Western Europe – Western China international transport corridor will be occupied by the Qorqyt Ata SEZ.
The aims of the new SEZ are to fast track the development of modern high productive and competitive enterprises, to attract investments, to introduce new technologies in economy, and to raise employment.

They will introduce a special legal regime with the provision of tax and customs preferences in the SEZ.
According to expectations, the total volume of investments in the SEZ will have exceed 150 billion tenge (80 billion tenge with foreign investments) by 2049. There are predictions that the volume of production of goods and services will reach 500 billion tenge, 90% with local content.
The SEZ will create some 3,366 jobs in 39 resident companies within 25 years.
The document gives the status of a port area, as part of creation of multimodal aero-hubs and in line with the customs legislation to the special economic zones Ontustik, Astana-Technopolis, Saryarqa, Alatau and Aktobe.

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