ASTANA, Kazakhstan, December 12. Kazakhstan is accelerating industrial modernization by promoting expansion in all sectors of the economy, Trend reports.
The results of various industrial sectors in Kazakhstan have been summarized. According to the overall statistics, the manufacturing industry has surpassed the raw materials sector in volume, with 48 percent compared to 45 percent. Significant growth is observed in several sectors:
Machine Engineering: A growth of 6.9 percent, driven by the increase in the production of computer equipment, electrical appliances, agricultural machinery, and railway equipment.
Ferrous Metallurgy: A growth of 10.8 percent, resulting from the increased production of ferroalloys, steel, flat-rolled products, and cast iron.
Non-ferrous Metallurgy: A 4.8 percent increase in production volume, thanks to the growth in the production of copper, zinc, lead, and aluminum.
Chemical Industry: An 8.4 percent growth, with a significant contribution from the increase in the production of polypropylene and sodium bichromate.
The overall indicator of the manufacturing sector showed a positive trend, amounting to nearly 5 percent for the reporting period.
An important point is the maximum use of domestic raw materials and components, as well as the development of related industries around large enterprises. Projects are selected within the framework of the economic diversification program and the stimulation of the competitiveness of the manufacturing industry.
The list of projects is selected based on key criteria: medium and high levels of product processing; focus on export and import substitution; demand for the produced goods in the market; and strategic importance for the country's or region's economy—a multiplier effect.
To note, in 2024, 180 investment projects worth nearly 1.3 trillion tenge ($2.47 billion) are planned, with 164 of them in the manufacturing sector. In terms of the number of objects within the Unified Industrialization Map, the leading regions are Karaganda, Kyzylorda, and Zhambyl, while in terms of investment volumes, the leaders are Atyrau, Karaganda, and West Kazakhstan.