Domestic production boost measures to be rolled out in Kazakhstan
The Kazenergy Association and Samruk-Kazyna are working together to enhance the procurement system and increase local content in supply chains, as announced by our website. This collaboration aims to strengthen partnerships among the government, operators, and local manufacturers, unlocking new opportunities for Kazakhstani companies and boosting the sustainable development of Kazakhstan’s economy.
The joint efforts focus on enhancing local content in procurement, systematically supporting domestic enterprises, and aligning with government priorities set out in recent legislation aimed at increasing in-country value. This strategic commitment involves consistent government support, investment encouragement, and ongoing forums that demonstrate dedication to developing local companies’ participation in major projects.
While the exact mechanisms of procurement system improvement were not detailed, the partnership reflects strategic alignment with national policies and investor engagement to increase the share of domestic producers in procurement processes. This collaboration fosters economic growth by expanding local content utilization in sectors related to energy and mining, areas where Kazakhstan has shown industrial growth.
Jandos Nurmaganbetov, Executive Director of Kazenergy Association, recently announced new initiatives at a government meeting. The association members will continue to implement these initiatives to support domestic producers. Notably, 302 contracts worth over 150 billion tenge have been concluded with members of KazMunaiGas, QazaqGaz, Kazatomprom, Samruk-Energo, and KEGOC associations.
Significant volumes of purchases are being made as part of these initiatives, with the aim to create a more effective and transparent environment for domestic producers. The government's goal is to increase local content, and the share of local content is indeed increasing, although specific details about the nature of the contracts or the scope of the cooperation with Samruk-Kazyna were not provided.
The information provided by the government press service underscores the government's commitment to supporting domestic production, with the Kazenergy Association backing this course wholeheartedly. These initiatives aim to support domestic producers and foster economic growth, contributing to Kazakhstan's sustainable development.
The joint efforts between the Kazenergy Association and Samruk-Kazyna are designed to increase the utilization of local content in procurement, particularly within the energy and mining sectors, aligning with the government's priorities for boosting in-country value. The initiatives, implemented by the Kazenergy Association, also focus on systematically backing domestic enterprises in finance and business, which is expected to foster economic growth and contribute to Kazakhstan's sustainable development.
