Kazakhstan Shifts to Non-Oil Growth as Manufacturing Output Jumps 9.8%
Updated
Updated · Astana Times · Jul 28
Kazakhstan Shifts to Non-Oil Growth as Manufacturing Output Jumps 9.8%
2 articles · Updated · Astana Times · Jul 28
Summary
July 27 officials led by Serik Zhumangarin reviewed plans to keep Kazakhstan’s economy growing through construction, manufacturing, trade, transport and agriculture as oil production temporarily softens.
Manufacturing has become a key support, with industrial output up 9.8%—driven by machinery at 23.2%, chemicals at 19%, food processing at 14.7% and light industry up 89.2%.
Trade turnover reached 36.2 trillion tenge ($67 billion) in the first half, while transport growth stayed uneven because lower oil and gas shipments limited freight expansion.
Agriculture is adding support through the harvest, livestock and concessional lending, with milk production rising 2.4% to 1.9 million tons as newer dairy farms reach full capacity.
Zhumangarin cast infrastructure as the longer-term engine, but analysts said roads, bridges and energy projects must be paired with stronger institutions, logistics and regional value chains.