The analyst forecasts the Kazakhstan construction industry to register an estimated real terms growth of 12.5% in 2025, supported by an increase in fixed capital investment and foreign direct investment (FDI), and higher residential loans and activities, coupled with the government's efforts to boost export demand through trade partnerships with various countries. The Kazakhstan construction industry registered a growth of 18.4% year-on-year (YoY) in the first two quarters of 2025, according to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. According to the Kazakh Economic Research Institute, the gross FDI inflow in the country grew by 6.2% YoY in the first half of 2025, reaching KZT3.2 trillion ($6.6 billion). According to the Ministry of National Economy of the Republic of Kazakhstan, investment in fixed capital grew by 17.5% YoY in the first nine months of 2025, preceded by an annual growth of 7.4% in 2024.
Over the remainder of the forecast period from 2026 to 2029, the construction industry is anticipated to expand at an average annual growth rate of 3.1%, supported by investments in energy, oil and gas, as well as transport infrastructure, alongside the government's focus on enhancing industrial capabilities to boost external demand. As of October 2025, notable developments include ongoing construction of a potash mining and processing facility in the western region of the country. This facility, which has a budget of KZT1.2 trillion ($2.4 billion) and an annual production capacity of 6 million tons, is projected to be completed by 2035. Additionally, in September 2025, the construction of a KZT3.7 trillion ($7.7 billion) polyethylene plant had commenced, which is expected to achieve an annual production capacity of 1.3 million tons by 2029. This project will also encompass the establishment of a gas separation complex and main pipelines. Furthermore, in August 2025, Qarmet, a local steel manufacturer, announced plans to construct a KZT338.4 billion ($700 million) casting and rolling complex in Temirtau, aimed at producing four million tons of flat products by 2027.
Over the remainder of the forecast period from 2026 to 2029, the construction industry is anticipated to expand at an average annual growth rate of 3.1%, supported by investments in energy, oil and gas, as well as transport infrastructure, alongside the government's focus on enhancing industrial capabilities to boost external demand. As of October 2025, notable developments include ongoing construction of a potash mining and processing facility in the western region of the country. This facility, which has a budget of KZT1.2 trillion ($2.4 billion) and an annual production capacity of 6 million tons, is projected to be completed by 2035. Additionally, in September 2025, the construction of a KZT3.7 trillion ($7.7 billion) polyethylene plant had commenced, which is expected to achieve an annual production capacity of 1.3 million tons by 2029. This project will also encompass the establishment of a gas separation complex and main pipelines. Furthermore, in August 2025, Qarmet, a local steel manufacturer, announced plans to construct a KZT338.4 billion ($700 million) casting and rolling complex in Temirtau, aimed at producing four million tons of flat products by 2027.
The Construction in Kazakhstan - Key Trends and Opportunities to 2029 (H2 2025) 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 the Kazakhstan. It provides:
- Historical (2020-2024) and forecast (2025-2029) 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
