Kazakhstan Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
Following an estimated annual growth of 4.2% in 2022, Kazakhstan’s construction industry is expected to register a growth of 3.4% in real terms in 2023, before recording an average annual growth of 5.6% between 2024 and 2027, supported by government investment in infrastructure, residential, and renewable energy projects. 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 fell by 2.4% year on year (YoY) in Q3 2022, following Y-o-Y growth of 9.6% in Q2 and 8.4% in Q1 2022.
The industry’s output over the forecast period will be 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. In mid-2022, the Energy Ministry revealed that it plans to launch 40 renewable energy projects by 2025. The development of 20GW green hydrogen plant in the Mangystau province of southwestern Kazakhstan by the Swedish company, Svevind with an estimated cost of KZT19.5 trillion ($40 billion) – KZT24.3 trillion ($50 billion) by 2032, will further support construction demand in the energy sector.
The 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.
- 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
- Identify and evaluate market opportunities using GlobalData's 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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
- 1. Construction Outlook
- 2. Construction Industry: At-a-Glance
- 3. Latest News and Developments
- 4. Project Analytics
- 5. Construction Market Data
- 6. Risk Profile
- 7. About GlobalData
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 Disclaimer
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Kazakhstan, Top 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: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Kazakhstan, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27
- Figure 2: Kazakhstan, Construction Output Value, by Sector (Real, $ Million), 2018–27
- Figure 3: Eastern Europe, Construction Output (Real % Change), 2021-27
- Figure 4: Kazakhstan, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
- Figure 5: Kazakhstan, Construction Value Add (KZT Million, 2005 Constant Prices)
- Figure 6: Kazakhstan, Construction Production Index
- Figure 7: Kazakhstan, Volume of Contraction Works (KZT Million)
- Figure 8: Kazakhstan, Credit Investments in Construction (KZT Billion)
- Figure 9: Kazakhstan, Investments in Fixed Capital (KZT Million)
- Figure 10: Kazakhstan, Residential buildings operating start (Thousand m2)
- Figure 11: Kazakhstan, Wholesale and retail trade Value Add (KZT Million, 2005 Constant Prices)
- Figure 12: Kazakhstan, Manufacturing industry Value Add (KZT Million, 2005 Constant Prices)
- Figure 13: Kazakhstan, Transportation and Storage Services Industry Value Add (KZT Million, 2005 Constant Prices)
- Figure 14: Kazakhstan, Information and Communication Services Industry Value Add (KZT Million, 2005 Constant Prices)
- Figure 15: Kazakhstan, Education Sector Value Add (KZT Million, 2005 Constant Prices)
- Figure 16: Kazakhstan, Health and Social Services Industry Value Add (KZT Million, 2005 Constant Prices)
- Figure 17: Kazakhstan, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: Kazakhstan, Risk Summary
- Figure 19: Kazakhstan, Risk Regional Comparison
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