The analyst forecasts the Kazakhstan construction industry to register a real term growth of 7.1% in 2026, supported by an increase in foreign direct investments (FDI), rising residential loans and activities, growing fixed capital investment, and the government's efforts to boost export demand through trade partnerships with various countries. According to the Ministry of National Economy of the Republic of Kazakhstan, investment in fixed capital grew by 6.9% year-on-year (YoY) in the first two months of 2026, preceded by annual growth of 12.9% in 2025. Moreover, the construction production index grew by 15.9% YoY in 2025, following an overall annual growth of 15.3% in 2024, according to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan.
Over the remainder of the forecast period from 2027 to 2030, the construction industry is anticipated to expand at an average annual growth rate of 2.8%, supported by investments in energy, oil and gas, as well as transport infrastructure, alongside the government's initiatives aimed at reaching net zero emissions by 2060. The government also aims to increase the share of renewables in the total energy generation mix to 15% by 2030, compared to 7% in 2024 and plans to introduce more than 26GW of additional generating capacity by 2035. Among recent developments, in March 2026, State Power Investment Corporation, a Chinese state-owned Power company, and Pavlodar Green Energy, a Kazakhstan based energy company, started construction of the 1GW mega-thermal power plant in Pavlodar, with an estimated investment of KZT670.5 billion ($1.2 billion); the project is scheduled to be completed by 2029. The plant has an annual capacity of 3.6 billion kilowatt hours, which is enough to provide electricity to about one million households.
Over the remainder of the forecast period from 2027 to 2030, the construction industry is anticipated to expand at an average annual growth rate of 2.8%, supported by investments in energy, oil and gas, as well as transport infrastructure, alongside the government's initiatives aimed at reaching net zero emissions by 2060. The government also aims to increase the share of renewables in the total energy generation mix to 15% by 2030, compared to 7% in 2024 and plans to introduce more than 26GW of additional generating capacity by 2035. Among recent developments, in March 2026, State Power Investment Corporation, a Chinese state-owned Power company, and Pavlodar Green Energy, a Kazakhstan based energy company, started construction of the 1GW mega-thermal power plant in Pavlodar, with an estimated investment of KZT670.5 billion ($1.2 billion); the project is scheduled to be completed by 2029. The plant has an annual capacity of 3.6 billion kilowatt hours, which is enough to provide electricity to about one million households.
The Construction in Kazakhstan - Country Briefing (H1 2026) report provides detailed market analysis, information, and insights into Kazakhstan's construction industry, including:
- Kazakhstan's construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Kazakhstan's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope
This report provides a comprehensive analysis of the construction industry in Kazakhstan. It provides:
- Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Kazakhstan, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1. Executive Summary2. Construction Industry: At-a-Glance3. Latest news and developments4. Project analytics5. Construction Market Data6. Risk Profile
7. Appendix
List of Tables
List of Figures
