The Prime Minister of Kazakhstan

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Effect of economy digitalization to create additional value of 1.7-2.2 trillion tenge by 2025 — D. Abayev

04 December 2017, 10:54

At the meeting of the Government chaired by the Prime Minister Bakytzhan Sagintayev, the draft state program "Digital Kazakhstan" was considered.

Minister of Information and Communications Dauren Abayev reported that the draft state program “Digital Kazakhstan”, designed for the period 2018-2022, will provide an additional impetus for technological modernization of the flagship industries of the country, and will create conditions for large-scale and long-term growth of labor productivity.

The program includes five main directions of the Program implementation:

– "Digitalization of economic sectors";

– "Transition to a digital state";

– "Implementation of the digital Silk Road";

– "Development of human capital";

– "Creation of an innovative ecosystem".

In the framework of these five areas, 17 initiatives and 120 events have been formed. 12 target indicators are proposed.

"The program has a significant potential for creating added value and reducing costs in the economy, which will help achieve GDP growth rates of 4.5-5% per year from 2025, with 1.6-2.2%, that is, about third, exclusively through digitalization," the minister said.

According to preliminary estimates, the direct effect of the digitalization of the economy by 2025 will create an additional value of 1.7-2.2 trillion tenge, thus ensuring a return on investment of 4.8-6.4 times by 2025 to the total investment volume, taking into account private investment.

As part of the consideration of the issue, the chairman of Zerde NMH, Ruslan Yensebayev, expert Sergei Perapechka spoke at the meeting, comments on the issue were also given by Deputy Prime Minister Askar Zhumagaliyev.

Following the consideration of the issue, the Government supported the submitted draft of the program "Digital Kazakhstan".