Since 2010 the state program of accelerated industrial innovative development has become the major document, defining the economic policy of Kazakhstan for the next five years. It aims to neutralize the problems of previous similar initiatives and ensure a systematic base for accelerated modernization and diversification of economy. Let us consider the major results of the first two years of SPAIID and plans of the government on its implementation for 2012.

Sovereign Wealth Fund Samruk-Kazyna plays a key role in the AIID program implementation. Today, it manages state assets with a value of over $80 billion while it is constituted by about 500 subsidiary and affiliated companies that generate over half of the annual GDP in the republic. Meanwhile, there recently have been events, able to radically change the principles and model of the Fund operation.

In the framework of the Made in KZ 2012 project, we have addressed to top managers of the national companies, included in Sowereign Welth Fund Samruk-Kazyna, with the request to share with readers of Kazakhstan magazine their achievements and priorities in the field of implementation of industrial innovative projects and local content development.

Industrial-Innovation Activity: the Legal Mechanism of State Support

Recently, the Parliament enacted a new law “On state support of industrial-innovation activity”, aimed at creating legal, economic and organizational principles of incentives, as well as the definition the measures of state support for industrial innovation in the Republic of Kazakhstan. With its adoption the domestic industrial innovation system, which has been more or less formed over the past few years and was mainly regulated by various government programs and regulations, has received its final consolidation on the legislative level.

Legally defining measures of state support for industrial innovation of subsoil users, the government of Kazakhstan obliged them to fund scientific researches and introduce advanced technical solutions in Kazakhstan.

Space Altitudes of a Titanic Giant

The Ust-Kamenogorsk titanium and magnesium plant (UKTMP) can be called by right the proud of the mining and metallurgy sector of independent Kazakhstan. The share of output by the UKTMP in the world’s titanium production is 14 %. The enterprise provides more than 17 % of the demand for this metal by the international aerospace sector. 

Kazakhstan always stake mainly on railroad transport in cargo transportation. However, the growth potential of this mode of transport is limited due to the existing infrastructure which also requires drastic upgrade. Therefore, in conditions of new industrialization the volumes of the freight traffic and their diversification can be dramatically raised only by means of development of domestic motor transport sector.

Kazakhstan stock market still did not get rid of negative consequences of a crisis Professional participants and experts lay main hopes for market revival on the launching of state program “National IPO”. However the number of analysts suggest that its realisation will effect positively but only in short-term prospect.