Implementation of the Industrial-Innovative Development Program has a beneficial effect on the growth of Kazakhstan’s export potential. Domestically produced medications and medical products were exported to Mongolia and Vietnam for the first time. Results of 2017 show 47% growth of pharmaceutical production. Metallurgical and chemical products found more markets too. According to the Kazakh Minister of Investments and Development, manufacturing industry grew 5.7%, metallurgy and food industry saw 13% and 8.5% growth respectively.

ZHENIS KASSYMBEK, KAZAKH MINISTER OF INVESTMENTS AND DEVELOPMENT:

 - Share of the industrial sector in Kazakhstan’s economy grew from 10.1% in 2015 to 11.2% in 2017. According to the preliminary results of 2017, one third of the GDP was ensured by the manufacturing industry.

Kazakh products are exported to 122 countries. Export to Central Asian countries grew 30%. Domestic car industry also gained momentum. A car making plant in Kostanay manufactured nearly 500 electric cars. Kazakh automobiles are exported to China, Russia and Tajikistan. Last year’s total export volume made up 1.6 billion dollars. Kazakh food products are also in great demand. For instance, meat, eggs, flour are exported to Afghanistan, the United Arab Emirates, Iran and China.

ZHENIS KASSYMBEK, KAZAKH MINISTER OF INVESTMENTS AND DEVELOPMENT:

 - Zhambyl, Aktobe and North Kazakhstan regions are dominating in export volumes. Mangystau, Atyrau and Karagandy regions are leading in industrial output. The leaders in capital investments are North Kazakhstan, Zhambyl and Almaty regions.

150 new projects will start operating in Kazakhstan through the Industrial Development Program by the end of the year. Their cost totals over one trillion tenge. The government plans to boost export volumes by seven percent. Also this year, the Ministry officials are going to complete developing the third five-year program of Kazakhstan’s Industrial development for 2020-2024. Specialists say that special attention should be paid to digital transformation of enterprises.

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