Tokayev: “People’s Construction” to expand across Kazakhstan

Kazakh President Kassym-Jomart Tokayev met with staff and union members of JSC Qarmet during a working trip to Temirtau in the Karaganda region. Tokayev praised the region’s economic development, noting that heavy industry enterprises produced goods worth 4.2 trillion tenge. He said Kazakhstan’s GDP is expected to reach $398 billion this year, the highest figure in Central Asia.

Tokayev said Qarmet returned to net profit last year, with revenue of 1.1 trillion tenge, after suffering losses of several billion. A modernisation programme worth $3.5 billion is planned through 2028. He noted that the company had fully restored tram service in Temirtau at its own expense and said its Path to the Future programme would train and employ about 500 young specialists in the first stage.

Tokayev recalled that he had declared 2027 the Year of the Great National Construction and that about 6.5 trillion tenge would be allocated to the project through the end of 2029. He said the initiative would cover all cities and districts across the country and that Qarmet would play a major role in it.