Kazakhstan’s GDP grew by 4.4% in the first 11 months of this
year, as reported by Kazakh Prime Minister Olzhas Bektenov to President
Kassym-Jomart Tokayev. According to Bektenov, the primary driver of economic
growth was the development of the non-oil sector. As part of economic
diversification, strong growth was observed in agriculture, construction,
trade, transport, manufacturing, and mechanical engineering. President Tokayev
was also briefed on the results of initiatives to support domestic producers
and promote deep processing. Exports of processed goods increased by 10.2%,
exceeding $23 billion. Additionally, investment in fixed assets rose by more
than 3%. Notably, businesses have shown a preference in investing in the
non-resource sector. In conclusion, the Head of State instructed to continue
work to enhance positive dynamics in key industries. A number of instructions
were also given to attract investments and modernize infrastructure.
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