Kazakh President aim to join INSTC to make country Eurasian transit hub
Kazakhstan Kassym-Jomart Tokayev recently delivered an address, titled “Economic Course of a Just Kazakhstan,” detailing ambitious plans for economic reforms and a fresh economic trajectory for the nation. Tokayev also outlined plans to establish Kazakhstan as a major transit hub in Eurasia, focusing on key routes like the Trans-Caspian and the International North-South Corridor that connects Russia with India.
Tokayev outlined various facets of the national agenda, underscoring the key economic tasks facing the government.
He said, “In such an important period, we have every opportunity for a powerful economic breakthrough. To do this, we must decisively move to a new economic model, which is led not by abstract achievements, but by a real improvement in the lives of citizens.”
The Kazakh leader acknowledged several significant achievements in the past few years, including the doubling of salaries for teachers since 2020, significant salary increases for doctors, and the implementation of initiatives like the “National Fund for Children,” and the construction of over 300 healthcare facilities in rural areas.
Turning his attention to current economic objectives, Tokayev set forth a course based on principles of fairness, inclusiveness, and pragmatism.
He said, “The most important task is the formation of a solid industrial framework of the country, ensuring economic self-sufficiency. The main emphasis should be placed on the accelerated development of the manufacturing sector.”
Particular focus will be given to sectors like heavy engineering, uranium enrichment, and automotive components, he noted.
