Industrial Innovation Program must become a national task for coming decade - Nazarbayev

12:34, 29 January 2010

ASTANA. January 29. KAZINFORM. /Rassul Bakhamov/ Program of industrial and innovative development should become a national task of Kazakhstan for the decade. Only then we will be able to join the 50 most competitive countries of the world. Kazakh President Nursultan Nazarbayev has said it making his annual address to the nation today.

"Only innovations will provide a sharp increase in labor productivity", the Kazakh leader noted.

Touching upon the Program of Kazakhstan's Forced Industrial and Innovation Development N. Nazarbayev emphasized that he is talking about 162 projects with the total amount of investment of KZT 6.5 trillion that is more than 40% of the country's GDP. "This will allow to create more than 200,000 permanent jobs in the nearest three years", he noted.

"Within five years we will put into operation a powerful gas chemical complex, plants for production of mineral fertilizers, a number of large electric power stations such as Balkhash Thermal Power Plant, Moinakskaya Hydro Power Plant and many other facilities. By 2014 we will reconstruct all three oil refinery plants and will be able to meet the domestic demand for oil products", the Head of the State stressed.

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