Kazakhstan sums up results of industrial, innovative development program

Business Materials 18 January 2020 18:22 (UTC +04:00)

BAKU, Azerbaijan, Jan. 18

By Nargiz Sadikhova - Trend:

Second five-year period of The State Program for Industrial and Innovative Development of Kazakhstan ended in 2019 during which some 76 projects worth 360.6 billion tenge ($957.7 million), Trend reports with reference to Kazakhstan’s Ministry of Industry and Infrastructural Development.

Within the framework of the program the value of manufacturing in mechanical engineering tripled exceeding one trillion tenge ($2.7 billion).

Manufacturing value during 11 months of 2019 increased by 19.2 percent amounting to 1.18 trillion tenge ($3.1 billion), whereas the number of projects implemented in the sphere was seven projects.

Talking the mining industry, volume of non-ferrous metals ores extraction increased by 17.5 percent during 11 months of 2019 with a plan of 107.1 percent.

An additional driver to manufacturing increase in processing industry was the ‘Economy of Simple Things’ program. Out of the 600 billion tenge ($1.6 million) allocated for the program’s implementation, 400 billion tenge ($1.07 million) accounted for processing industry development.

Within the framework of the program roadmaps for development of lights and furniture industries, construction materials manufacturing were developed and approved.

Great attention within the program is given to development of special economic zones (SEZ). An important step in this direction was the creation of Qyzyljar SEZ which will include export-oriented ventures.

Within the framework of Kazakh ventures switching to Industry 4.0 concepts, Kazakhstan’s government represented by Ministry of industry and Infrastructural Development is actively supporting new Kazakh manufacturers.

Thus, last year methodological recommendations for the strategy of automation and introduction of Industry 4.0 were developed for 102 regional industrial ventures.


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