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Wednesday, November 13th, 2019

Zh. Kassymbek: Growth and achievement of annual targets are observed in the manufacturing industry

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At the meeting of the Government of the Republic of Kazakhstan chaired by Prime Minister Bakytzhan Sagintayev, Minister of Investments and Development Zh. Kassymbek reported on the results of the socio-economic development of industries, construction and transport sectors for 11 months of this year.

According to Zh. Kassymbek, at the end of 11 months the volume of industrial production was 104.5% (plan 103.3%), including 104.7% in the mining industry, 104.9% in the processing industry. Positive volumes industrial production are maintained in 14 regions.

According to the Minister, in the mining sector, iron ore production increased by 7.3% due to an increase in production at SSGPO. The production of non-ferrous ores increased by 3.9%.

In the manufacturing industry, there is growth and achievement of annual targets in the sectors: engineering 15.7%, leather products – 8.1%, chemical industry – 7.2%, paper – 5.1%, rubber and plastic products 2.9%, furniture production 2.4%, Zh. Kassymbek reported.

With regards to the transport complex, according to the data of the Ministry of Investments and Development, the volume index for 11 months was 104.6%. Zh. Kassymbek noted that the planned annual figure will be achieved by increasing the volume of transit container shipments and increasing gas exports to China.

The physical volume index for construction was 103.9%, the planned figure was achieved (the plan was 103.6%). Positive growth is observed in 13 regions. At the same time, according to the Minister, a number of regions need to increase the growth rate of construction work in order to fulfill the annual plan.

In general, the annual target for construction (103.6%) is expected to be achieved through the volume of construction and assembly work in Atyrau region for the amount of over 600 billion tenge, Astana for 530 billion tenge and Almaty for 340 billion tenge. It should be noted that the growth rate of the construction work is also influenced by quarterly submission of reports by small business entities, due to which a high indicator is achieved by the end of each quarter, – Zh. Kassymbek said.

Reporting on the development of housing construction, the Minister said that according to the results for 11 months, 11 million m of housing was commissioned, which is 114.3% compared to the same period in 2017.

In total, 96 761 dwellings were commissioned in the Republic, including 37 026 individual houses. Compared to last year, an increase in the volume of housing commissioning persists in 16 regions of the country, – Zh. Kassymbek concluded, stating that in general, by the end of 2018, it is planned to achieve IFO target values for all major sectors supervised by the Ministry of Investments and Development.

Source: Government of the Republic of Kazakhstan

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