ASTANA, Kazakhstan, August 12. Kazakhstan intends to attract transnational companies to key sectors of the manufacturing industry, Trend reports, referring to the National Development Plan of Kazakhstan until 2029.
"As part of stimulating investment in the field, Work will focus on expanding industrial investment, especially foreign investment, and protecting existing investors' interests to stimulate investment. Along with overall efforts to improve the investment climate and boost investment, specialized efforts will continue to find and attract significant international corporations to important areas," the document reads.
The document notes that in order to take things up a notch and make the investment climate in the country even better, they will keep working on improving the investment policy, keeping in mind the specific needs of different industries.
Meanwhile, the volume of industrial production in Kazakhstan amounted to 46.4 trillion tenge (about $102.5 billion) from January through December 2023. Compared to 2022, production increased by 4.3 percent.
Thus, production volume in the mining and quarrying industry amounted to 21.7 trillion tenge (about $47.9 billion), which is 4.6 percent more than in 2022. In addition, production in this area accounted for 46.9 percent of total industrial production.
At the same time, production in the manufacturing industry increased by 4.1 percent compared to 2022 and amounted to 21.6 trillion tenge (about $47.7 billion). The manufacturing industry, in turn, covered 46.6 percent of total industrial production.