Construction industry in Kazakhstan fostered by government-initiated programmes - September 2011

The construction industry suffered more than most areas of the Kazakh economy as a result of the global financial crisis which hit the country in 2008. Fortunately for builders, the government undertook several measures to support the industry, without which the consequences would have been more severe than the 5% reduction seen in 2009.

One of the most prominent programmes prepared by the government is the State Programme on Forced Industrial-Innovative Development for 2010-2014, the main aim of which is to diversify the economy and increase its competitiveness. The programme calls for the expansion of several sectors, such as chemicals, nuclear and manufacturing, and to this effect, numerous investment projects are being implemented. Within the programme, 227 industrial plants and facilities have already been completed, at a total cost of $6.2bn. In turn, within the Road Map programme, 1,535 social system facilities were renovated in 2009-2010 as well as 2,634 educational facilities, 764 healthcare facilities, 119 sports facilities, and 361 cultural facilities. This led to an 18.6% increase in the value of renovation and reconstruction works in 2010.

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More information on this topic in PMR product:

Construction sector in Kazakhstan 2011

Development forecasts for 2011-2013

The report presents the current trends and forecasts for the Kazakhstan construction market as a whole and for its individual segments, namely residential construction, non-residential construction and civil engineering. An important part of the report are profiles of the largest construction companies operating in Kazakhstan, enhanced by an analysis of their current standing and strategies for the near future.

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