Kazakhstan - Арнайы экономикалық зона - Тараз Химиялық парк
The Special Economic Zone (SEZ) Chemical Park Taraz, located in Kazakhstan, was established in accordance with the Decree of the President of the Republic of Kazakhstan, with the main objective of fostering the development of new chemical production facilities based on highly effective technologies. The SEZ is active until the year 2037, and it is situated in the Jambyl region, specifically in the Shu district, covering a total area of 505 hectares.
Benefits and Preferences at Special Economic Zone Chemical Park Taraz
SEZ Chemical Park Taraz offers a range of benefits and preferences to support projects, including streamlined procedures through the “One Window” principle, simplified processes for involving foreign specialists, government support, special customs and tax regimes, provision of free land plots, exemption from customs duties, and 0% VAT on goods sold within the SEZ, along with corporate income tax, property tax, and land tax exemptions.
The SEZ boasts a comprehensive infrastructure, including power supply, water supply, gas supply, railways, roadways, heat supply, fire stations, IT services and communications, storm and industrial sewer systems, premises for rent, land plot search and staff training. The power infrastructure includes a total power of transformers, while the water supply infrastructure features a total water consumption and a water treatment device for drinking water. Additionally, the SEZ offers a range of licenses, including general trading, logistics, light manufacturing, industrial, and service provider licenses, further enhancing its appeal to investors.
Current Projects at Special Economic Zone Chemical Park Taraz
The SEZ prioritizes activities such as chemical manufacturing, construction of a sugar factory, production of sugar, construction of facilities for priority activities, manufacture of rubber and plastic products, manufacture of machinery and equipment for chemical production, and more. Currently, the SEZ hosts 16 projects with an investment portfolio of 2.6 million USD, including ventures for the production of inorganic chemical products, pesticides, methanol, ethylene polymers, hydrogen peroxide, and more. Notably, EuroChem-Karatau is set to launch a chemical complex for the production of mineral fertilizers, attracting over $1 billion in foreign direct investment and creating significant employment opportunities.
In conclusion, the Special Economic Zone Chemical Park Taraz represents a strategic industrial development in Kazakhstan, offering a conducive environment for investment and fostering the growth of chemical production facilities. With its comprehensive infrastructure, range of benefits, and ongoing projects, the SEZ is poised to contribute significantly to the industrial landscape and economic development of the region.