180 industrial projects worth 1.2 trillion tenge will be implemented in Kazakhstan in 2024

The Government of Kazakhstan continues to implement measures to shift the economy away from the raw materials orientation in favor of industries with higher added value. This will ensure industrialization and outstripping the pace of its development.

So, last year 170 projects worth 928 billion tenge were implemented in the manufacturing industry. 179 long-term contracts and offtake contracts have been concluded with domestic producers. Thanks to all the measures taken, the share of the manufacturing industry in the economy has already equaled the share of the mining industry.

180 industrial projects worth 1.2 trillion tenge will be implemented this year. The acceleration of industrialization will also be facilitated by a new mechanism for providing manufacturing enterprises with domestic raw materials.

Due to the implementation of the Comprehensive Plan for the Development of Mechanical Engineering until 2028, the total added value of this industry is expected to grow 4.5 times.

In general, today Kazakhstan continues to implement a nationwide pool of about 1 thousand investment projects worth 32 trillion tenge. This applies to all sectors of the economy. In 2023, 298 projects worth 1.8 trillion tenge were launched. In 2024, 326 projects will be implemented for a total amount of 3.8 trillion tenge.

On behalf of the Head of State, the work of the investment headquarters has been reviewed and strengthened. Large investment projects are considered separately, all problematic issues that arise are eliminated manually.