The KazakhExport supported construction of the sucker pole and clutch producing Plant in Mangistau region | Company News | Export insurance company «KazakhExport»

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The KazakhExport supported construction of the sucker pole and clutch producing Plant in Mangistau region

The Plant is being constructed in the territory of the “MorportAktau” FEZ, and it will be the first full-cycle oil producing equipment producing Enterprise in Kazakhstan. It is anticipated that the Plant will cover 90% of the Country’s internal needs. The products will also be exported to Russia and Azerbaijan. 

The project cost is 10.7 billion tenge. The Plant is going to be launched in May this year. It is expected that the launch of the new enterprise will create 70 jobs. The Project will be financed by the Halyk Bank with the KazakhExport’s guarantees within the framework of the “Loan Insurance” instrument, as well as with private funds. 70% of the construction has already been finished for today.