Manufacturing industry demonstrates growth and achievement of annual targets — Zhenis Kassymbek

At the meeting of the Government chaired by the Prime Minister Bakytzhan Sagintayev, Minister for Investments and Development Zhenis Kassymbek reported on the socio-economic development results of industries, construction and transport complex for 11 months 2018.

According to Kassymbek, following the results 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 industrial production persist in 14 regions.

The minister noted that in the mining sector, iron ore production increased by 7.3% as a result of growing production at Sokolov-Sarbai Mining Enterprise. The production of non-ferrous ores increased by 3.9%.

"In the manufacturing industry, there is an increase and achievement of annual targets in the sectors: engineering — by 15.7%, leather products — by 8.1%, chemical industry — by 7.2%, paper — by 5.1%, rubber and plastic products — by 2.9%, furniture production — by 2.4%,” reported Kassymbek.

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

The physical volume index for construction was 103.9%, the planned figure was achieved (the plan was 103.6%). Positive dynamics is observed in 13 areas. 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 completed at the expense of 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, thanks to which a high indicator is achieved by the results of each quarter,” said Kassymbek.

Reporting on the development of housing, the minister said that in 11 months, 11 million m² 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 continues in 16 regions of the country,” Kassymbek concluded, stating that in general, by the end of 2018, it is planned to achieve target values ​of physical volume ​for all major sectors supervised by the Ministry for Investment and Development.

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