OREANDA-NEWS. July 04, 2014. Construction of 120 projects of the national program of industrial-innovative development with total cost of 700 billion tenge will be completed this year, Deputy Prime Minister of Kazakhstan - Minister of Industry and New Technologies Asset Issekeshev reported at the cabinet meeting on implementation of NPFIID with participation of President Nursultan Nazarbayev.

Speaking about the results of innovative sector’s development, Deputy Prime Minister noted that the first five-year period was the basis for the development of innovation.

He said that the international rankings have been improved, and expenditures on technological innovation have been increased 7 times, and the inflow of foreign direct investment in NPFIID projects has been increased 3 times during the past 4 years of program’s implementation.

"Our task is to bring the share of innovation active enterprises from 4% to 10%," A.Issekeshev said.

At the same time Deputy Prime Minister stressed that the main directions of the program will be implemented in the second five-year period.