Industrial production volume in Astana on rise

Industrial production volume in Astana on rise

The industrial production volume of Astana has increased by seven percent. Investments in the capital have also grown, with about 1.3 trillion tenge attracted to the country’s main city since the beginning of the year. Meanwhile, the gross regional product (GRP) reached 5.5 trillion tenge in the first half of the year, with small and medium-sized businesses (SMEs) accounting for 72 percent of its structure. This was reported to Prime Minister Olzhas Bektenov during his Astana working trip. In particular, Bektenov visited the industrial park, where he reviewed the development of enterprises in metallurgy, light and construction industries, automotive manufacturing, and railway engineering. One of the enterprises specializes in the production of telecommunications equipment, carrying out a full production cycle - from software development to assembly and packaging of finished products. The company’s development plans include entering foreign markets, such as Uzbekistan, Azerbaijan, the Kyrgyz Republic, Russia, and Arab countries. Bektenov emphasized the importance of such enterprises for reducing dependence on imports and creating conditions for increasing exports of high-tech products.