Kazakhstan to implement various projects within industrialization roadmap

Business Materials 25 January 2020 15:04 (UTC +04:00)
Kazakhstan to implement various projects within industrialization roadmap

BAKU, Azerbaijan, Jan. 25

By Nargiz Sadikhova - Trend:

The volume of oil extraction planned for 2020 in Kazakhstan is 90 million tons, whereas the volume of gas extraction is 56.5 billion cubic meters, Kazakhstan’s Prime Minister Askar Mamin said, Trend reports with reference to prime minister’s press office.

Mamin noted that the work on increase of the energy resources processing will be continued in 2020. Total value of investments into energy projects will be two trillion tenge ($5.2 billion).

Third program for industrial and innovative development will be launched in 2020.

“Within the framework of the industrialization roadmap some 160 projects worth 1.1 trillion tenge ($2.9 billion) will be implemented creating 17,000 new jobs,” Mamin said.

He noted that in order to increase competitiveness of the country’s economy measures for introduction of innovations via stimulating business to innovation and attraction of latest global companies to development of innovative potential will be taken.

“Thus, Regional Center of Fourth Industrial Revolution was launched in Astana International Finance Center in cooperation with World Economic Forum. Increase of export potential is one of the most strategically important goals,” Mamin said.

With this in mind, he said, proactive measures on abolishment of trade barriers, export funding, provision of waste service support will be taken. As a result, the volume of non-commodity export is expected to increase to $3 billion to $18.6 billion in 2020.


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