President Tokayev Launches Kazakhstan Economic Development Committee to Boost Automotive Industry [Yahoo! Finance]
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Source: Yahoo! Finance
Committee, a strategic initiative aimed at advancing the nation's economic transformation. At the core of this initiative is a focus on strengthening the automotive sector, a cornerstone of Kazakhstan's transition into a modern, technology-driven economy. The government's bold reforms have already drawn substantial foreign investment, positioning Kazakhstan as a rising hub for advanced automotive manufacturing in Central Asia. Global automakers, including General Motors (GM) and Kia Corporation, have made significant commitments to the region, bolstering its reputation as a leader in industrial innovation. Key Investments: GM and Kia Lead the Charge In 2024, General Motors inaugurated a state-of-the-art CKD (completely knocked down) facility at the Allur plant in Kostanay to manufacture the Chevrolet Onix. This milestone highlights Kazakhstan's growing role in the global supply chain, supported by an improving investment climate and robust export potential. Meanwhile, Kia Corp
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