Share of manufacturing industry in Kazakhstan reaches 46.7%

Share of manufacturing industry in Kazakhstan reaches 46.7%

The implementation of President Kassym-Jomart Tokayev’s state-of-the-nation address has given a fresh impetus to the development of Kazakhstan’s manufacturing sector. Over the first seven months of this year, the sector’s output reached 18.8 trillion tenge, marking a 9% increase. Manufacturing’s share of the country’s total industrial output rose to nearly 47%, surpassing that of the mining sector. Mechanical engineering recorded the strongest growth at 22%. Positive trends were also seen in the chemical and light industries, as well as in the production of construction materials. At the same time, the number of new enterprises is growing. This year, Kazakhstan plans to implement 200 industrial projects worth 1.7 trillion tenge. To date, 84 production facilities have been launched, creating around 6,000 jobs. Once operating at full capacity, these facilities are expected to produce 1.5 trillion tenge worth of goods annually, with about a third destined for export.