This month foreign investment projects in Astana’s real estate sector have been high on the agenda at meetings at the Investment Headquarters in Kazakhstan’s capital.
One such project is a new medical center to be constructed in collaboration with a Qatari holding company, and with the participation of American cosmetic skin care provider Cynosure. The first stage is set to comprise a medical center for 50 patients with a planned investment of 88 billion tenge (~$196million), and in the second, the Qatari partners intend to invest around 160 billion tenge (~$360 million) in a larger extension.
According to reports, Qatari investors have also committed funds for the construction of branded international schools in Astana. The first, a Sabis school for almost 3,000 pupils and 530 children of preschool age, is scheduled to open in April this year. The second, to be constructed by International Community Schools Ltd, will accommodate 1,225 pupils and 100 pre-school children, involve private investment of 9 billion tenge (~$20 million), and create over 100 jobs.
The Turkish Tiryaki Company discussed investment of up to $200 million in the construction of a wheat processing plant with a capacity of 240,000 tons per year, and Russian e-commerce giants Wildberries and Ozon expressed their readiness to invest up to 90 billion tenge (~$200 million) in constructing large logistics centers in Astana. The Austrian Lasselsberger Group’s plans for investment of over 25 billion tenge (~$55 million) in a plant at Astana’s Industrial Park Number One will produce 100,000 tons of dry construction mixtures per year and create some 200 jobs.
