The Machinery Industry In Kazakhstan: Economic Conditions and Policies
The investment guide examines opportunities for investment in the machinery industry. At present, Kazakhstan’s machinery industry is closely linked to the revitalization process that is taking place in the agricultural and mining sectors. Notwithstanding the large endowment of mineral resources and the vast arable land area, the economy has experienced a difficult economic transition from the former centrally planned system to a market economy. Although the situation in the mining and mineral processing industry is not as severe as that in the agriculture and agro-industrial activities, enterprises operating in this area lack expertise in operating within a free market system. In agriculture and agro-industrial activities the capacity of the machinery industry has been limited. Most of the machinery has been imported from other countries, with local manufacturers currently supplying about 15 percent of domestic requirements. As a result of these conditions, there are a number of business opportunities in machinery and equipment supplies in agricultural and agro-industrial operations, as well as mining and mineral processing activities.
|Date of creation:||Mar 1998|
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