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Kazakhstan's manufacturing industry surpasses mining industry for the first time
Seetao 2024-09-12 14:48
  • This project will not only help enhance Kazakhstan's economic resilience and international competitiveness
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Recently, Hanat Sharlapayev, Minister of Industry and Construction of Kazakhstan, pointed out at Astana Financial Day that in 2024, the proportion of manufacturing in Kazakhstan's gross domestic product will surpass that of mining for the first time, which is a significant achievement of Kazakhstan's long-term economic structural transformation.

Sharlapayev pointed out that Kazakhstan is actively attracting investment in rare earth metals and battery technology in the automotive industry.

When talking about the evolution of the mining industry, Sharlapayev emphasized that Kazakhstan has achieved an annual growth rate of 6% in non-ferrous metal production, which is not only due to fluctuations in global raw material prices, but also to the country's institutional support for the industry and transition to clean energy. Keywords: overseas engineering, international engineering construction, foreign engineering construction news.

The proportion of manufacturing in GDP has surpassed that of mining for the first time, marking the result of Kazakhstan's years of efforts to promote economic diversification. Sharlapayev said that for many countries that have long relied on raw material exports, this goal is difficult to achieve, and Kazakhstan has finally broken through this bottleneck in 2024. (This article is from the official website of Jian Dao: www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website mechanical column editor/Zhou Yingwen

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