Kazakh petrochemical and logistics SEZs to get KZT68.5bn investment

Petrochemical SEZ Kazakhstan

Kazakh petrochemical and logistics SEZs: Kazakhstan’s National Wealth Fund has allocated KZT 68.5bn ($377m) towards the completion of its National Industrial Petrochemical Technology Park and Khorgos-Eastern Gates Special Economic Zones. The Technology Park will be a centre for the production of export-oriented polymer products and is expected to create more than 20,000, jobs; while the Khorgos-Eastern Gate, close to Kazakhstan’s eastern border, is earmarked to become a logistics hub for trade between China and Western Europe. Once operational, it is estimated that it will increase the volume of trade that Kazkhstan can handle coming from the Chinese town of Khorgos across the border by 800%. Kapital.kz