The Astana Times provides news and information from Kazakhstan and around the world. ALMATY – As oil production temporarily softens, Kazakhstan is increasingly relying on construction, manufacturing, transport, trade and agriculture to maintain economic momentum. Government officials argue that strengthening these sectors will not only offset weaker hydrocarbon output in the short term but also lay the foundation for more diversified and resilient long-term growth.
July 27 meeting of the government’s economic growth headquarters, chaired by Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, gathered officials to review the progress across key industries. The strategy was at the center of a July 27 meeting of the government’s economic growth headquarters chaired by Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, where officials reviewed progress across key industries and outlined priorities for the remainder of the year. Shifting the growth model The government’s emphasis on non-resource industries reflects a broader effort to reduce Kazakhstan’s dependence on hydrocarbons.
While oil continues to play a central role in the economy, authorities increasingly view construction, manufacturing, logistics and agriculture as the main engines capable of sustaining growth during periods of lower energy output. Analysts note, however, that expanding output alone will not be enough to transform the economy. Analyst and policy expert Sobir Kurbanov argued that many regional value chains remain underdeveloped despite their potential.
“Value chains are there, but neither competitive nor complementary,” Kurbanov said, pointing particularly to agriculture and tourism. According to him, fragmented production, weak logistics, inconsistent standards and limited regional coordination continue to prevent Central Asia from developing cross-border industries capable of generating higher-value exports and creating sustainable jobs. According to Zhumangarin, construction also remains the fastest-growing sector, with officials expecting strong performance through the first seven months of the year.
The highest growth is projected in the Ulytau, Abai and Kyzylorda regions, supported by ongoing infrastructure investment. Manufacturing has also emerged as one of the strongest contributors …
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