The growth of Kazakhstan's manufacturing industry reached 5.1% in the first half of 2024.

In the first half of 2024, Kazakhstan's manufacturing industry demonstrated a 5.1% growth. This was announced by the Minister of Industry and Construction of the Republic of Kazakhstan, Kanat Sharlapayev, during a Government meeting. Growth was observed in key sectors such as ferrous and non-ferrous metallurgy, chemical industry, engineering, and furniture production. The goal is to maintain this positive trend throughout the rest of the year.

To achieve sustainable growth, the ministry has implemented several key support measures for domestic producers:

  • The list of domestic goods prioritized in public procurement has been expanded, and a mechanism for concluding offtake contracts has been introduced.
  • Strict control over the use of Kazakh-made products has been introduced in the construction of projects funded by the state budget, which stimulates demand for domestic goods.
  • Measures have been implemented in procurement by subsoil users and natural monopoly entities to conclude contracts for the supply of domestic goods, including conditions for reducing the bid price by 10% for domestic products.
  • The "Samruk-Kazyna" Fund has improved the conditions for concluding long-term contracts and offtake agreements, which has increased the capacity utilization of local enterprises.

The minister also emphasized the importance of the import substitution program, which is being implemented to ensure the stability of the national economy. In 2024, the launch of 180 projects in the manufacturing sector is planned, totaling 1.5 trillion tenge, which will create over 18 thousand new jobs. The planned projects include factories for the production of components for trucks, wind energy installations, and household appliances. These measures are aimed at strengthening the positions of domestic producers in both domestic and international markets.

Additionally, as of now, the foreign trade turnover of Kazakhstan's manufacturing industry amounts to $74.2 billion, an increase of 12% compared to last year. Thanks to these efforts, production in the sector has grown by 4%, equivalent to 11 trillion tenge, while imports have decreased by 7%, reaching 9.4 trillion tenge.

Thus, the ministry continues its active work in supporting and developing the domestic manufacturing industry, contributing to job creation, reducing import dependency, and enhancing Kazakhstan's competitiveness in the international market.