Significant Growth in Manufacturing Industry Production in Kazakhstan
Kazakhstan’s manufacturing industry sees growth in production volume, reaching 14.9 trillion tenge (US$30.3 billion) in the first eight months of the year. This marks a 4.9% increase compared to the same period last year, as reported by First Deputy Prime Minister Roman Sklyar during an Oct. 8 press conference.
The industry’s contribution to GDP has reached 12.5%, driven by sectors such as metallurgy, mechanical engineering, chemical industry, and pharmaceuticals. Notably, the growth in metallurgy is attributed to the modernization of the Qarmet enterprise, which has led to stabilized production and a 13.5% increase in employee salaries.
Sklyar also mentioned plans for 180 projects amounting to 1.3 trillion tenge (US$2.6 billion) scheduled for launch this year. The government is closely monitoring 17 breakthrough projects in key sectors like metallurgy, oil refining, petrochemicals, mechanical engineering, and chemicals.
Efforts to reduce the depreciation of heat supply networks to 40% by 2030 have shown progress, with the figure already decreasing from 61% to 52%. The Tariff in Exchange for Investments program has allocated record funding for repairs on heat power sources and firefighting equipment in fire-prone areas.
Looking ahead, Kazakhstan aims to introduce approximately 6.7 gigawatts of energy generation by 2028, including 700 megawatts in 2024. Sklyar emphasized the country’s commitment to achieving carbon neutrality by 2060, highlighting the necessity of building a nuclear power plant in line with global trends in energy usage.
In terms of attracting investment, the Investment Headquarters has reviewed 88 projects worth nearly $45 billion since the beginning of the year. Investment projects are supported on the National Digital Investment Platform, with 755 projects already registered for consideration.
