Massimov pointed out 4 key directions in new five-year plan of industrialization

25 June, 2014 14:19

Speaking at the First Congress of the National Chamber of Entrepreneurs, head of the Kazakh Government Karim Massimov told about priority directions which are to be developed in new five year plan of industrialization.

“The Head of State will be accepted second innovation development program, which is divided by 4 large blocks. The first direction is the development of our traditional industries.We should not throw away all of our benefits - the development of extractive industries in the oil and gas, mining industries and other new features. These sectors provide macroeconomic stability. These sectors should develop in the future,"the Prime Minister stated.

The second direction, which Massimov identified is the development of manufacturing industries.

Third. Development of innovative knowledge-based economy.

The fourth area is the development of services, development of small and medium-sized businesses.

"This direction enables the creation of new jobs exactly, it is the local direction, local production," Mr. Massimov said.

Madina Nurbekova