ASTANA, Kazakhstan, September 25. The volume of manufacturing production in Kazakhstan has increased by 2.2 times over the past 5 years, and the volume of gross added value of the industry has increased by 2.3 times, said Prime Minister of Kazakhstan Alikhan Smailov, Trend reports.
As he noted, labor productivity increased to $49,000, which is more than 2 times higher than the average for the economy.
"Speaking in an industry context, the mining and metallurgical complex is the basis of the domestic manufacturing industry. Last year, $19.3 billion worth of products were exported, which is about 23 percent of the country’s total exports. We have provided a mechanism for providing domestic enterprises with accessible raw materials. Agreements have been signed with major suppliers of raw materials for the supply of primary aluminum and copper," he said at the plenary session of the International Industrial Exhibition "INNOPROM Kazakhstan" in Astana.
Smailov added that mechanical engineering continues to develop dynamically in the country. Thus, in 2022, a record $500,000 of direct investment was attracted to the industry. In the first quarter of this year, direct investments have already exceeded $208 million.
"In the automotive industry, production volume last year amounted to 113,000 units. For 8 months of this year, almost 100,000 units were produced, with an increase of 41 percent. In value terms, this is more than 1 trillion tenge (about $2.1 billion)," he said.
As he noted, along with this, the production of building materials in the Republic of Kazakhstan also exceeded the trillion mark for the first time.
"All these indicators are reflected in the Concept for the Development of the Manufacturing Industry, adopted this year. By 2030, we plan to ensure an increase in gross value added by 2.8 times, labor productivity by 1.8 times, and export products worth $225 billion," he said.