In 2024, Kazakhstan emerged as the industrial leader of Central Asia, with total industrial output reaching $106.8 billion, according to the Ministry of Industry. This figure surpasses Uzbekistan’s output by 1.5 times, Kyrgyzstan’s by 16 times, and Turkmenistan’s by nearly 22 times.
Kazakhstan ranked second in the region for processing volume at $52.2 billion, trailing only Uzbekistan. The country also placed second in the CIS, following Russia, which recorded $1.3 trillion in industrial output, including $896.5 billion from manufacturing. Other notable CIS figures include:
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Uzbekistan: $68.3B (processing: $58B)
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Belarus: $62.4B (processing: $56B)
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Azerbaijan: $37.7B (processing: $11.2B)
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Armenia: $7.6B (processing: $5.5B)
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Moldova: $7.6B (processing: $4.6B)
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Kyrgyzstan: $6.7B (processing: $5.2B)
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Tajikistan: $4.9B
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Turkmenistan: $0.5B (processing only)
In 2024, Kazakhstan launched 180 industrial projects worth 1.3 trillion tenge, generating 14,400 permanent jobs. Key highlights include:
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KamLitKZ Foundry (Kostanay): 45K tons of cast iron parts annually, 500 jobs
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Boguty Tungsten Mining (Almaty): 3.3M tons of ore/year, 10K tons of concentrate, 350 jobs
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Kyzyl Aray Copper: 30K tons of cathode copper/year, 780 jobs
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Ulytau Gold: Producing 1.78 tons of gold and 1.98 tons of silver/year, 300 jobs
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KZTA Valve Factory: 45K units/year, 200 jobs
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TechnoNICOL Insulation Plant (Almaty): 1.4M m³ of stone wool/year, 220 jobs
In 2025, 190 projects valued at 1.5 trillion tenge are expected to create 20,000 new jobs. Notable plans include:
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Astana Motors Auto Plant (Almaty): $182B tenge, 2.2K jobs, capacity: 90K vehicles/year
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KIA Plant (Kostanay): $90B tenge, 1.5K jobs, 70K vehicles/year
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Liman Field Development (Aktobe): $241.4B tenge, 460 jobs, 1.2M tons of ore/year
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Ekibastuz FerroAlloys Plant (Pavlodar): $92.4B tenge, 800 jobs, 240K tons of ferrosilicon/year
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PZTM Rail Welding Plant (Aktobe): $21.4B tenge, 297 jobs, 825 km of rails and 290K sleepers/year
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TEMPO Kazakhstan Steel Pipe Plant (Karaganda): $15B tenge, 400 jobs, 250K tons/year
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QazAlPack Aluminum Packaging Modernization (Shymkent): $21.7B tenge, 112 jobs, 1.15B cans/year
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Silumin of Qazaqstan Radiator Plant (Karaganda): $18.6B tenge, 183 jobs, 3.7M units/year
President Kassym-Jomart Tokayev continues to emphasize the strategic importance of manufacturing, which experts say reflects a structural transformation of the economy, rising value-added production, and increased investment appeal.
Meanwhile, S&P Global Ratings reaffirmed Kazakhstan’s sovereign credit rating at ‘BBB-/A-3’ with a stable outlook, citing strong fiscal and external buffers as key factors supporting resilience to external shocks.
