OREANDA-NEWS. April 18, 2014. Currently, the total amount of investment projects involving foreign capital in Zhambyl Region is more than USD 4 billion. 12 investment projects involving foreign investors from nine foreign countries such as Russia, France, Czech Republic, Italy, Iran, Germany, Turkey, the Netherlands and Japan have been implemented at the moment.

A project on creation of Special Economic Zone "Chemical Park "Taraz" worth over USD 356.0 million has been implemented to create favourable conditions to attract investors to the Zhambyl Region. The project is expected to create at least 16 new chemical plants for the production of export products with high added value. The fundamental difference of the project is the tax benefits for companies of Special Economic Zone "Chemical Park "Taraz" up to 25 years.

It is planned to implement 4 investment projects, including for the production of herbicides, hydrocyanic acid, sodium cyanide, phosphorus trichloride, chlorine and caustic soda on the territory of Special Economic Zone "Chemical Park "Taraz".

Along with this, Zhambyl Region has a number of other promising investment projects such as creation of roadside service facilities along the international transit corridor "Western Europe - Western China", transport and logistics center at the international airport "Aulie- Ata", modernization of heat station- 4 , construction of a plant for solid waste processing, etc.

Furthermore, it should be noted that the Zhambyl Region is the leader at development of alternative energy in the country. Currently installed capacity of facilities renewable energy sources (wind, solar and hydroelectric power) is about 36 MW. Implementation of new investment projects of alternative energy facilities will increase the capacity of renewable energy sources (RES) to 500 MW. Construction of RES facilities is conducted with participation of domestic and foreign investors totaling 197 billion tenge.