Steel pipe plant project discussed in Astana
EL.KZ Информационно-познавательный портал
Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, held a meeting with Li Xiangdong, Deputy General Director of Tianjin Youfa Group, and San Wenxu, Deputy General Director of Hong Kong Friend International Cooperation, El.kz cites Kazakh FM.
The parties discussed the prospects of implementing an investment project to localize steel pipe production in Kazakhstan.
The project involves the construction of a straight seam pipe plant in the “Ontustik” Special Economic Zone in the city of Shymkent, with an investment volume exceeding 70 million US dollars and the creation of 283 jobs. The plant is expected to reach a production capacity of 200,000 tons per year. Its main output will be pipes in demand in the oil and gas industry, construction, utilities, and national infrastructure projects. The facility will be focused on import substitution: in 2024, Kazakhstan imported 428,000 tons of pipes worth 487 million US dollars.
During the meeting, Gabidulla Ospankulov provided a detailed overview of Kazakhstan’s investment support measures, including tax and customs incentives, investment preferences, and opportunities for project placement within special economic zones.
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