Kazakhstan's processing industry exports up over 45% in five years, Tokayev says

Kazakhstan's President Kassym-Jomart Tokayev said the country has opened the way to developing advanced, technology-based production in a speech at a solemn ceremony marking Republic Day. Egemen.kz, citing the Presidential Press Service, reported that over the past five years, the volume of exports from the processing industry rose by more than 45 percent. Tokayev said Kazakhstan's industry is reaching a new qualitative level of development.

Tokayev said the country has made a breakthrough in the railway sector. Everything needed, from rails and sleepers to wagons and electric locomotives, is now produced domestically. Car manufacturing has also gained momentum, with more than 150,000 passenger and cargo vehicles rolling off assembly lines each year. He said foreign investment attracted over the past seven years reached $155 billion.

The president also said 355 commercial agreements worth a total of $60 billion have been signed since the beginning of the year. He said Kazakhstan has strengthened its position as a leading transport and logistics hub in Eurasia. Airports, railway stations, bridges and sea piers have been built or repaired, and infrastructure near the border is being modernised.