Kazakhstan’s industrial production up 6.5%

Kazakhstan’s industrial production up 6.5%

In the first half of the year, industrial production in Kazakhstan grew by 6.5%, reaching 29 trillion tenge. The main drivers of this growth were mechanical engineering, the chemical industry, and the food sector. The manufacturing industry contributed 12.4% to the country’s GDP. Across the country, the active implementation of President Kassym-Jomart Tokayev’s directives to develop the real sector of the economy continues. This was stated by First Deputy Prime Minister Roman Sklyar at a government briefing. According to him, Kazakhstan plans to launch 190 projects worth 1.5 trillion tenge this year, with 47 facilities already put into operation. Efforts are also underway to attract investors and create favorable conditions for them.

«Investments in fixed capital are on the rise. We are also increasing public investment, particularly in the construction of engineering and transport infrastructure, areas traditionally supported by the state. When it comes to breakthrough investment projects, our primary interest lies in the manufacturing sector, although the mining and metallurgical complex remains a priority as well,» noted Kazakh First Deputy Prime Minister Roman Sklyar.