Kazakhstan to triple machinery product exports by 2028

Kazakhstan to triple machinery product exports by 2028

Kazakhstan is set to triple the volume of machinery product exports by 2028. This is one of the key directions of the Comprehensive Industry Development Plan for the coming four years. Besides, the implementation of this document will increase production volumes and contribute to attracting investments and improving the system of qualified personnel training. According to experts’ forecasts, there will be a 4.5-fold increase in gross value added, a twofold increase in the index of physical volume, and a 1.5-fold increase in investment volume. In general, the Comprehensive Plan consists of 79 measures in seven directions. It is worthy to note that the domestic machinery maintains stable growth. Production in this sector increased by 11 percent at the end of last year and by nearly 30 percent in the first 10 months of 2023. Since the start of the year, products with a total value of over three trillion tenge have been manufactured.