The Prime Minister of Kazakhstan

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MMC provides multiplier effect for growth of Kazakhstan's economy - First Deputy Prime Minister

15 June 2016, 16:08

Mining and metallurgical complex provides a multiplier effect on the domestic economy and greatly increases the employment of the population, First Deputy Prime Minister of Kazakhstan Bakytzhan Sagintayev has said today at VII «Astana Mining & Metallurgy» International Mining and Metallurgical Congress - AMM 2016.

"This sphere of the economy is key area for our country. Only 300 thousand people are working in the industry enterprises. The MMC provides a multiplier effect for the development of related industries, greatly increases the employment of the population ensuring the competitiveness of the economy as a whole," Sagintayev said.

First Vice Prime Minister reminded that this year Kazakhstan celebrates the 25th anniversary of Independence. During this period, he said "we have formed the MMC in a sovereign country".

As B.Sagintayev said currently Kazakhstan's economy is at an important stage of transition from raw material orientation for processing.

"In this process,the MMC is one of the most important sectors. Rational use of raw materials, development of new value-added, energy efficiency and cleaner production, release-tech products - the key to successful development of the industry," First Deputy Prime Minister said.