26 December 2018, 10:21

Development of manufacturing industry and privatization progress discussed at meeting of State Commission for Modernization of Economy

Dec. 26 in Ukimet Uyi, Prime Minister Bakytzhan Sagintayev chaired a meeting of the State Commission for Modernization of the Economy.

At the meeting, the issues of the Comprehensive Privatization Plan for 2016-2020, the development of measures to support entrepreneurship in the manufacturing industry, as well as the implementation of infrastructure modernization projects in the regions were considered.

Recall that in the Address “New Opportunities under the Fourth Industrial Revolution,” the Head of State instructed to accelerate the implementation of the privatization plan, expanding it by reducing the number of subordinate organizations of state bodies. So, from 2016 to the late 2018, 532 objects have been put up for sale, of which 465 objects have been sold for the amount of 296 billion tenge. Ninety-six objects are in pre-sale preparation. Another 287 objects sent for reorganization and liquidation, 160 of them have already been reorganized and liquidated

The State Commission for Modernization of the Economy is a consultative and advisory body. The purpose of the meetings is to develop and make decisions on improving the competitiveness and efficiency of the economy of Kazakhstan. The issues considered at the meeting of the State Commission are aimed at ensuring sustainable economic growth of the country and modernization of the economy.

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