Kazakhstan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H2 2026)

Summary

The analyst expects the construction industry in Kazakhstan to register real-term growth of 11.5% in 2026, supported by an increase in capital investment in the country, coupled with rising private and public sector investments in the energy and housing sectors. According to the Bureau of National Statistics, investment in fixed capital in the construction industry grew by 40% year-on-year (YoY) in the first eight months of 2026, reaching KZT139.9 billion ($250.4 million) during January-August 2026. Similarly, in mid-September 2026, to strengthen the strategic partnership between Kazakhstan and South Korea, both governments unveiled a KZT2.2 trillion ($4 billion) industrial portfolio, comprising 51 projects spanning sectors like automotive assembly, heavy machinery, metallurgy, energy, renewables, and petrochemicals.

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 4.1%, 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. The government is also investing heavily in the construction and modernization of energy infrastructure. In July 2026, the government provided an update on the National Project on the Modernization of the Energy and Utilities Sectors 2025-2029, which was launched by the government in 2024. Under this update, the government announced its plan to invest KZT13 trillion ($27.3 billion) between 2026 and 2029 to double the pace of infrastructure repairs and improve energy reliability.

The analyst’s Construction in Kazakhstan - Country Briefing (H2 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.

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

1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile

7 Appendix

7.1 Definitions
7.2 CRI Methodology

About the Analyst
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List of Tables

Table 1: Construction Industry Key Data
Table 2: Kazakhstan, Top Total Construction Projects by Value
Table 3: Kazakhstan Construction Output Value (Real, $ Million)
Table 4: Kazakhstan Construction Output Value (Nominal, KZT Billion)
Table 5: GlobalData Construction Market Definitions
Table 6: GlobalData Construction Market Definitions
Table 7: Ratings, Scores and Definitions

List of Figures

Figure 1: Kazakhstan, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 2: Kazakhstan, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 3: Eastern Europe and Central Asia, Construction Output (Real % Change), 2024-30
Figure 4: Kazakhstan, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 5: Kazakhstan, Construction Value-Add Volume Index of GDP by the production method (in % to the appropriate period of previous year)
Figure 6: Kazakhstan, Construction production index (in % to the appropriate period of previous year)
Figure 7: Kazakhstan, Investments in Fixed Capital (KZT Billion)
Figure 8: Kazakhstan Volume of Construction Works (KZT Billion)
Figure 9: Kazakhstan, Residential Buildings Operating Start (Thousand m2)
Figure 10: Kazakhstan, Investment in Housing Construction (In Million)
Figure 11: Kazakhstan, Wholesale and Retail Trade Value-Add Volume Index of GDP by the production method (in % to the appropriate period of previous year)
Figure 12: Kazakhstan, Manufacturing Value-Add Volume Index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
Figure 13: Kazakhstan, Transport and Storage Value-Add Volume Index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
Figure 14: Kazakhstan, Information and Communication Value-Add Volume Index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
Figure 15: Kazakhstan, Education Value-Add Volume Index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
Figure 16: Kazakhstan, Health and Social Services Value-Add Volume Index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
Figure 17: Kazakhstan, Total Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Kazakhstan, Risk Summary
Figure 19: Kazakhstan, Risk Regional Comparison

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