Austria’s Borealis will invest into polyethylene factory in Atyrau region.
Head of Kazakh Invest Saparbek Tuyakbaev met with Trade Counselor of the Embassy of Austria in Kazakhstan Rudolph Taller to discuss prospects of investment cooperation.
The detailed information was provided about investment climate in Kazakhstan and investment opportunities for Austria.
“We focused on cooperation outside oil sectors – agribusiness, information technologies, finances. Kazakhstan runs a big investment project now with Austria’s Borealis. The talks are in progress now and we hope the project will begin in the nearest time,” the Trade Counselor said.
Alongside Arab and Kazakh partners, Borealis participate in polyethylene production project. The total budget of the project is $6.5 billion.
3,000 jobs will be created during construction. Over 500 workplaces will be created at the factory. The factory will produce 1.2 million tons of polyethylene a year.
