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Kazakhstan And Russia Plan $10B Industrial Expansion Package With 24 New Projects
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, May 28. Kazakhstan and
Russia plan to execute 24 new high-value chemical and industrial
processing ventures totaling $10 billion to scale up their
integrated manufacturing footprint, Trend reports via the press service of Kazakh
president.
The initiatives were presented to President Kassym-Jomart Tokayev and Russian President Vladimir Putin during a high-level review of bilateral industrial cooperation projects in Astana.
Under the states' shared industrial roadmap, the newly targeted investment package plans to establish advanced deep-processing facilities for raw materials and building supplies, creating 11,000 high-skilled jobs upon completion. The expansion plans build on a massive combined economic portfolio that currently features 177 joint projects valued at $52.7 billion.
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