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Over 19,000 cars produced in Kazakhstan

21 September 2018 [10:26] - TODAY.AZ

By Azernews


By Kamila Aliyeva

The sixth Forum of Machine Builders of Kazakhstan started its work in Astana on September 20.

This was stated by Kazakh First Vice Minister for Investments and Development Roman Sklyar at a press conference in the government, Kazakh media outlets reported.

The level of engineering is an indicator of the technological development of the entire national industry.

"Engineering is one of the most complex and differentiated industries. Perhaps, therefore, mechanical engineering is most sensitive to state regulation measures. Despite the high level of competition, the engineering industry looks with optimism for the future, having tangible measures of support from the state,” he said.

According to the results of eight months of 2018, the output of machine-building amounted to more than 638.1 billion tenge ($ 1.7 billion), production growth - 13.8 percent. The automotive industry demonstrates the greatest dynamics of growth among machine building industries. Over eight months of the current year, more than 19,000 cars worth 117.7 billion tenge ($ 318.1 million) were produced in the country.

Sklyar also said that in order to develop machine building further, in 2018 the ministry together with the Union of Machine Builders of Kazakhstan developed a draft Comprehensive Machinery Development Plan for 2019-2030, which will be discussed with representatives of state bodies, development and business institutions within the framework of the forum.

Car manufacturing is growing at an unprecedented rate in Kazakhstan and significant expansion is planned in the coming years. Kazakhstan’s automotive industry’s contribution to GDP in 2017 made up 39 percent. According to the Vice-President of the Association of Kazakhstan’s Automotive Business, there is a growth in domestic production volumes and sales. Every third car sold in Kazakhstan is domestically manufactured.


URL: http://www.today.az/news/regions/174056.html

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