It reported Kazakhstan will invest more than 1 trillion tenge (14.7 billion yuan) to implement 165 new construction projects by 2025 in order to provide local building materials to the market, Including flat glass, ceramic tile, sanitary ware, exterior wall, thermal insulation materials, etc. It is estimated that by 2025, the share of imports will decrease from 42% to 27%.
At present, Kazakhstan’s sovereign wealth fund samruk kazyna and samruk kazyna construction company are investing in 23 projects, including joint investment projects with existing building materials enterprises. The total cost of the project is 395 billion tenge (5.8 billion yuan), of which the investment share of amruk kazyna construction company is 10%, about 40 billion tenge (600 million yuan). The implementation period of the project is 2022-2024.
Among them, Nursultan will build five key building materials projects. It is said that an Italian enterprise will invest in the construction of the first sanitary ceramics factory, which can provide 280 jobs. However, it is also reported that the first sanitary ceramics factory is jointly invested by Kazakhstan’s sovereign wealth fund samruk kazyna and samruk kazyna construction company and Nuer Sudan’s furniture manufacturer mebitex group. In addition, it will jointly invest in four other projects such as ceramic tiles, doors and windows.
It is reported that the first sanitary ceramics factory in Kazakhstan will invest about 61 billion tenge (900 million yuan), with an annual output of 570000 pieces.
The ceramic tile factories in the other four projects have an investment of about 25 billion tenge (400 million yuan), with an annual output of 3 million square meters.