1 November 2005
Head of the State Nursultan Nazarbayev visited “Industrial and Innovation Kazakhstan” exhibition which was opened today in Astana in Alatau Sport Centre.



The exhibition is devoted to the first results of the realization of the Industrial Strategy. New production which is being produced with the support of the national institutions for development was exhibited at the trade show.

President saw the expositions and stands devoted to the national innovation system, space sphere, metallurgy, processing and mechanical engineering industries, high technology production and other branches.

We achieved enormous success. The authorized capital of all national institutions for development equals 140 billion Tenge. There are currently 116 projects are under way with the total investment of more than 2, 5 billion dollars. Due to our efforts investment in production of raw materials increased by 45 %, investment in processing industry – by 78 %. The kazakhstani companies’ spending to purchase foreign equipment increased by 45 % in comparison with last year. Now we have moved from extractive sector of our economy to processing and engineering industry. As a result of the implementation of 233 defined projects we will create 12,500 jobs. This is an industrial program, Nursultan Nazarbayev said at the briefing.

Talking about the first results of the Strategy for Industrial and Innovation Development, the President named such largest projects as creation of technological parks and national communications satellite, creation of “Baiterek” space complex at Baikonur cosmodrome, construction of the railway “Charskaya-Ust Kamenogorsk” and electric line “North-South”, production of construction materials, mechanical engineering projects and others.

I want the kazakhstanis to know that a great work is being done for the future of our country. The country is building an alternative economy and does not want to depend on its mineral resources. In a decade the industry output will increase nearly threefold. It will create new jobs and growth of welfare, the Head of the State emphasized

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