Kazakhstan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market, 2023-2027

The publisher expects the Kazakhstani construction industry to expand by 10.8% in real terms this year, supported by government investment in the development of regional transport networks and public and private sector investment in the healthcare, education and research sectors. According to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, the construction industry’s value-add rose by 13.7% year on year (YoY) in the first quarter of 2023, preceded by a Y-o-Y growth of 23.8% in Q4 and a decline of 2.7% in Q3 2022. In addition, the Ministry of National Economy of the Republic of Kazakhstan reported that investment in fixed capital grew by 17.9% in the first eight months of 2023, following an annual growth of 13.9% in 2022. Moreover, the volume of contraction works grew by 15.7% in first eight months of 2023, compared to annual growth of 14% in 2022.Yet, in the short term, the industry’s output will be restricted by subdued investor and consumer confidence amid rising inflation coupled with high energy prices and construction material costs. According to the International Monetary Fund, the country’s inflation increased from 8% in 2021 to 15% in 2022, and it is expected to average a rate of 14.8% by 2023.

Over the remainder of the forecast period, the construction industry’s output is expected to grow at an annual average rate on 3.1% between 2024 and 2027, supported by investment under the Nurly Zhol State Infrastructure Development Program between 2020-25, under which the government aims to create efficient and competitive transport infrastructure, improve the technological and institutional environment, and develop transit and transportation services across Kazakhstan. The government has set a target to increase the share of renewables in the total energy generation mix to 15% by 2030, from 3% in 2020. The industry’s forecast period growth will also be supported by the 40 renewable energy projects started in mid-2022 and these projects are expected to be completed by 2025, which will eventually assist the target of reducing coal and become a carbon “net-zero” economy by 2060.

The report provides detailed market analysis, information and insights into the Kazakhstani construction industry, including:

• The Kazakhstani 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 the Kazakhstani construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Kazakhstan. It provides -

• Historical (2018-2022) and forecast (2023-2027) 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 the 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 strategy using the critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.