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Kazakhstan increased volume of mechanical engineering production by 17 times over 25 years

by October 6, 2016 Health

“In the 1990s, the share of mechanical engineering in the manufacturing industry was about 15%. By the end of the 1990s, this figure had fallen to 5%. However, the industry does not stand still, with the active support of the country and the head of state and since the beginning of Kazakhstan’s independence, the acquisition of engineering output has increased by 17 times in value terms. The production reached its peak in 2013-2014 – 905 billion tenge per year,” M. Pshembayev announced.

According to him, the growth of investment in fixed assets has increased by 60 times in the middle 1990s, reaching more than 56 billion tenge at the end of 2015.

M. Pshembayev noted that with the participation of the world’s engineering leaders such as General Electric, General Motors, Toyota, Alstom, Talgo, LG, there are new high-tech products, have never been produced in the country in Kazakhstan – locomotives, electric vehicles, helicopters.

Source: The Prime Minister of Kazakhstan