The Head of State heard a report on the outcomes of Kazakhstan’s socio-economic development for 9 months of 2020.
Askar Mamin reported on positive dynamics in a number of industries, in particular, the manufacturing industry provided growth of 3.3%, construction volumes increased by 10.5%, housing commissioning by 9%, or about 9.6 million square meters. In agriculture, the growth was 5%. As of October 1, Kazakhstan’s gold and foreign exchange reserves and assets of the National Fund reached $ 91.1 billion.
According to the Prime Minister, in September, activity in the service sector began to recover. Thus compared to August, trade increased by 2.7%, communications by 1.3%, transport and warehousing by 1.2%. The growth of the service sector indicates the intensification of small and medium-sized enterprises, which contributes to the creation of new jobs and improving the welfare of citizens.
The Prime Minister also reported on the results of his working visit to Abu Dhabi on October 11-12, during which the agreements reached at the official visit of President Tokayev to the UAE in January 2020 were put into practice. Thus, the two governments signed a Memorandum on investment cooperation, which involves the implementation of 21 projects worth $ 6.1 billion. The document provides for the creation of new production facilities with high added value and profitability, as well as a large demand potential in both domestic and promising foreign markets.
The Head of State noted the Government’s efforts to ensure positive dynamics of economic development, and also instructed the Prime Minister to keep the epidemiological situation in the country under strict control in order to avoid the negative impact of the large-scale spread of coronavirus abroad for the health of Kazakhstan people, the work of small and medium-sized enterprises and the development of the economy as a whole.