Kazakhstan needs to focus on 2050 Development Strategy, ambitious oil projects, says President

Results of Kazakhstan's socioeconomic development, key macroeconomic indicators in 2013 and progress in implementation of the 2nd phase of the industrial and innovative development program were high on the agenda of the meeting in Astana.

The Head of State noted it was important to draw up specific ways of realization of the Kazakhstan-2050 Development Strategy and ambitious Kashagan and Karachaganak oil-related projects.

He also paid utmost attention to the development of energy and relevant infrastructure projects in Kazakhstan. The Kazakh President stressed raising the well-being of the people, boosting employment and high social feeling of all Kazakhstanis remain the priority for the Government.

Prime Minister Akhmetov, in turn, said economic growth totaled 6% upon results of 2013, investments increased by 6.5%, industrial output - by 2.3%, and volume of construction across the republic - by 3%. Moreover, unemployment rate amounted to 5.2% and inflation - 4.8%.

The Premier also reported on the next phase of implementation of the domestic industrialization program with a special focus on the diversification of backbone industries, development of clusters, and transfer of technologies and innovations.

Following results of the meeting, the President gave a number of specific instructions related to the items on the agenda.