Kazakhstan to launch 180 enterprises worth 1.3 trillion tenge in 2024

A unified register of domestic producers will be launched in Kazakhstan by yearend. It will include comprehensive information on Kazakh enterprises, their activities, products, and production volumes, as announced at a government meeting by Kazakh Minister of Industry and Construction Kanat Sharlapayev. Thus, entities included in the register will have access to state incentives and procurement platforms, including those designed for subsoil users and representatives of the quasi-public sector. A key requirement for these enterprises will be the production localization. Legislative amendments were also adopted to support domestic businesses.

«Firstly, establishing obligations to approve in-country value development programs and conclude long-term agreements and offtake contracts for major customers. Secondly, establishing a commission to control monitoring on the use of domestic construction materials and equipment in the construction of facilities at the expense of the state budget. And thirdly, the establishment of obligations to purchase materials and equipment from domestic producers in the construction of new production facilities,» Sharlapayev said.

Special support is also provided to producers of pharmaceuticals and medical devices in the country. To date, 94 long-term contracts for the supply of about 4,000 pharmaceutical products have been signed with 35 Kazakh companies. By the year-end, 24 more enterprises will join them. Overall, in the first half of the year, the volume of pharmaceutical production increased by 14.5 percent. Kazakhstan is set to produce over 60 percent of the essential medicines from the World Health Organization’s list in the near future.

«Based on the list of common diseases presented by the World Health Organization, a list of basic medicines prioritized by the ministry was formed, and 283 medicines were selected. As of today, 107 of these medications are produced in the country. In the future, the production of the remaining 178 medicines will be prioritized,» said Kazakh Health Minister Akmaral Alnazarova.

Kazakhstan is set to localize nine production facilities with foreign companies by 2027. This initiative is expected to attract over $20 million in investments to the country. To boost domestic production, the country aims to launch 180 projects worth 1.3 trillion tenge this year.