ASTANA – All fields of the real sector must work in accordance with the established indicators to achieve 6% GDP growth in 2025, Kazakh Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said during a meeting on June 16 to assess economic performance over the first five months of the year.
Photo credit: primeminister.kz
As stated by the Prime Minister’s press service, industry remains the key driver of economic growth, accounting for 25.7% of GDP by the end of 2024. In January-May, the industrial sector grew 6.4%.
The meeting also considered the growth potential in other segments – mechanical engineering, food, chemical, and oil refining industries.
Another sector with an active growth rate is construction. With a 15.4% increase over five months, the volume of work reached two trillion tenge (US$3.9 billion).
The housing construction sector has a target of commissioning 19 million square meters this year. Six million square meters of housing have already been commissioned, which is 5.7% higher than in January-May 2024.
“It is necessary to promptly remove administrative barriers and develop clear monthly plans for each sector with a slowdown in the pace so that companies can increase their output,” Zhumangarin said.
