Free Economic Zone to Be Established in Qyzylorda Region
The Western Europe – Western China Highway in Kyzylorda Region. Photo: Igor Ulitin, Orda.kz
A new free economic zone will be established in Kazakhstan’s Qyzylorda Region, Orda.kz reports, citing the Government of the Republic of Kazakhstan.
Plans for the new zone, named “Qorqyt Ata,” covering 550 hectares, were first announced last week by the Qyzylorda regional administration. Today, Prime Minister Olzhas Bektenov signed the official resolution approving its creation.
Regional authorities had emphasized the proximity of the new FEZ to the Qyzylorda airport.
Meanwhile, the government statement highlighted its location near the “Western Europe–Western China” highway. Officials expect this proximity will facilitate the distribution of goods produced in the zone both within Kazakhstan and to other Central Asian markets.
The FEZ will operate under a special legal regime offering tax and customs incentives. Over the next 25 years, the zone is expected to create 3,366 new jobs, with the number of participating companies reaching 39,the government said in a statement.
The same decree also granted “port zone” status to several existing free economic zones: “Astana – Technopolis” in the capital, “Ontustik” in Shymkent, “Saryarka” in the Qaraganda region, and both “Alatau” and “Aqtobe” in their respective regions.
Original Author: Igor Ulitin
Latest news
- Kazakhstan Approves New Rules for the Protection of Monuments and Historic Sites
- Kazakhstan Launches New System to Respond to Bullying and Violence Against Children
- Personal Data of Kazakhstanis Was Sold Online to Debt Collectors and MFIs
- Bolashak Scholarships Went to Students Who Did Not Meet the Criteria, Audit Says
- Nearly 20 Billion Tenge Was Spent on Expelled Students, Audit Says
- Kazakh Government Bonds May Enter Euroclear Next Year
- Kazakh Graduates Are Increasingly Working Outside Their Profession
- Kazakhstan Faces a Sharp Demographic Shift as the Population Ages
- Powerful Winds Cause Damage in Several Regions of Kazakhstan
- Kazakh Peacekeepers Organize Medical Aid Mission for Syrians Near the Golan Heights
- Prosecutors Warn Buyers of Illegal Sturgeon and Caviar Face Criminal Liability
- Progress MS-34 Launches From Baikonur Carrying More Than 2.5 Tons of Cargo to the ISS
- Tokayev Says the Stray Dog Problem Must Be Solved “Without Hype”
- Several Districts in North Kazakhstan Remain Under Flood Threat
- Almaty Covers Open Irrigation Channels as Part of Urban Renewal
- Tourist Boats Set to Resume Service on Astana’s Yesil River
- U.S. Embassy in Astana to Auction Cars, Furniture and Medical Equipment
- Promising New Oil Discovery Announced at Kashagan
- Prices for Basic Food Products Keep Rising in Kazakhstan as Regional Gaps Widen
- Kazakhstan Plans Unified Register for Military Draft Notices
