Kazakhstan has made significant progress in economic
development over the past six years. Prime Minister Olzhas Bektenov summarized
the results in an article, analyzing the country’s development during the
presidency of Kassym-Jomart Tokayev. Last year, GDP reached $288 billion, with
non-resource sectors driving economic growth. In 2024 alone, 180 investment
projects worth 1.3 trillion tenge were implemented in the processing sector. At
the President’s instruction, active development of the petrochemical sector has
begun, enabling the production of polymers, composite materials, and reagents.
One of the region’s most advanced propylene production facilities was launched
in the Atyrau region. Over the past six years, more than half of the $130
billion in foreign direct investment has been directed toward the processing
industry. As a result, exports of domestically processed goods increased to $29
billion last year.
Major transport and logistics projects will also help boost
the country's export potential. Since 2019, maritime shipments have grown by
20%. Meanwhile, exports of Kazakh products via the Trans-Caspian International
Transport Route have increased twelvefold, with transit volumes rising sixfold.
Additionally, Kazakhstan is expanding IT service exports and confidently
leading in this area among Central Asian countries. Over the past five years,
the volume of innovative products has more than doubled—from 1.1 trillion tenge
to 2.4 trillion tenge.
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