The Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan summed up the results of 2023

On March 15th of this year, a meeting of the Collegium of the Ministry of Industry and Construction of the Republic of Kazakhstan was held under the chairmanship of the First Deputy Prime Minister, Roman Sklyar.

At the meeting of the board, Minister of Industry and Construction of the Republic of Kazakhstan, Kanat Sharlapaev, announced the results of the department's work for the previous year. According to the head of the Ministry, there was a growth of 4.3% in the industrial sector in 2023. In manufacturing, production volume increased by 4.1%. Growth was recorded in almost all sectors.

The Physical Volume Index (PVI) in engineering amounted to 125.4%, in ferrous metallurgy - 101.0%, in the chemical industry - 100.2%, in light industry - 112.2%, and in the production of building materials - 106.1%.

According to Kanat Sharlapaev, in 2023, the ministry developed a mechanism to ensure the supply of raw materials to enterprises in the manufacturing industry. The norm has already been approved by the Majilis of Parliament and is under consideration in the Senate.

Also, last year, conditions for conducting entrepreneurial activities in special economic zones were reformed. A differentiated approach to granting benefits to participants of SEZs based on the principle of "the more investments, the more benefits" was introduced. The right to purchase a land plot after fulfilling investment obligations and the right to place potential projects (outside priority sectors) in the SEZ territory without using benefits were also applied.

"In 2023, the Comprehensive Development Plan for the engineering industry for 2024-2028 was adopted. Through the full implementation of the Comprehensive Plan, a 4.5-fold increase in the gross value added of the engineering industry will be ensured. Cooperation with the European Union, the United States, the United Kingdom, and Korea has been established within the framework of the development of rare and rare-earth metals. The Comprehensive Development Plan for the industry for 2024-2028 has been adopted," Kanat Sharlapaev said.

The minister reminded that at the end of last year, a large system-forming enterprise for steel production was transferred to the management of a new domestic investor on the conditions of implementing investments in comprehensive modernization of the enterprise. In addition, within the framework of the policy of saturating the domestic market and developing intrastate value, 179 long-term contracts and off-take contracts were concluded with domestic goods producers in 2023.

Overall, last year attracted 1.7 trillion tenge of investments, with growth of 11.1%. 170 investment projects were launched for more than 928.2 billion tenge, creating 12.2 thousand permanent jobs. By the end of the year, it is planned to introduce 180 projects worth 1.3 trillion tenge, creating more than 17 thousand jobs.