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Kazakhstan Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

The Kazakhstan construction market size was valued at $20.3billion in 2021. The market is projected to grow at an AAGR of more than 5% during the period 2023-2026. The industry’s output over the forecast period will also 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.

Kazakhstan construction market overview

Kazakhstan construction market overview

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What are the key sectors in the Kazakhstan construction market?

The key sectors in the Kazakhstan construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction. 

Commercial construction market in Kazakhstan

The commercial construction sector registered an annual growth in real terms in 2021, following a decline of in 2020. The sector is expected to register an annual growth in 2022, supported by an improvement in wholesale and retail trade.

Industrial construction market in Kazakhstan

The industrial construction sector registered an annual growth of 4.8% in real terms in 2021, following a growth in 2020, supported by an improvement in industrial, manufacturing and export activities.

Infrastructure construction market in Kazakhstan

Infrastructure construction was the largest sector in the Kazakhstani construction industry in 2021, accounting for 32% of the industry’s total value that year. The sector expanded in real terms in 2021, followed by an annual growth of in 2020, supported by government investment in transport infrastructure.

Energy & utilities construction market in Kazakhstan

Energy and utilities construction was the second-largest sector in the Kazakhstani construction industry in 2021, accounting for a significant percent of the industry’s total value that year. The sector is expected to expand  in real terms in 2022, following an annual growth in 2021.

Institutional construction market in Kazakhstan

The institutional construction sector is expected to register an annual growth in real terms in 2022, following growth in 2021. The sector is expected to record an annual average growth from 2023 to 2026, supported by public and private sector investment in the healthcare and education sectors.

Residential construction market in Kazakhstan

The residential sector is expected to grow in real terms this year. The growth will be supported by an improvement in economic conditions, coupled with government initiatives such as the Sakani Housing program, the Housing Vision Revitalization program, and the Idle Land Fees program, to propel residential real estate demand in the Kingdom and provide affordable housing to Saudi citizens

Kazakhstan construction market, by sectors

Kazakhstan construction market, by sectors

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Market report scope

Market size (Year – 2021) $20.3billion
Growth rate – AAGR (2023 – 2026)  >5%
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy & Utilities Construction, Institutional Construction, and Residential Construction

 Scope

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

  • Historical and forecast 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 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.

Table of Contents

Table of Contents

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

List of Tables

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

List of Figures

Figure 1: Kazakhstan, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-26

Figure 2: Kazakhstan, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 3: Eastern Europe and Central Asia, Construction Output (Real % Change), 2020-26

Figure 4: Kazakhstan, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

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, Investments in Fixed Capital (KZT Million)

Figure 9: Kazakhstan, Investments in Housing Construction (KZT Million)

Figure 10: Kazakhstan, Credit Investments in Construction (KZT Billion)

Figure 11: Kazakhstan, Construction Projects Pipeline, Value by Stage ($ Million)

Figure 12: Kazakhstan, Risk Summary

Figure 13: Kazakhstan, Risk Regional Comparison

Frequently Asked Questions

The construction market size in Kazakhstan was valued at $20.3billion in 2021.

 

The construction market in Kazakhstan is projected to grow at an AAGR of more than 5% during the period 2023-2026.

The key sectors in the Kazakhstan construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.

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