The "Kazakhstan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)" report has been added to ResearchAndMarkets.com's offering.

Kazakhstani construction industry to expand by 5.3% in real terms in 2024, supported by government investment in the development of regional transport networks, coupled with public and private sector investments in the renewable energy sector.

The Ministry of National Economy of the Republic of Kazakhstan reported that investment in fixed capital grew by 2.2% year-on-year (YoY) in the first seven months of 2024, following an annual growth of 19.8% in 2023. Moreover, the volume of contraction works grew by 13.8% YoY in the first seven months of 2023, compared to an annual growth of 19.8% in 2023.

In July 2024, the Minister of Transport announced plans to repair and construct 12,000km of roads, including 8,000km of republican highways and 4,000km of local roads by 2024; the total project cost is KZT1.1 trillion ($2.3 billion). The Tourism and Sports Ministry reported that 61 infrastructure projects, worth KZT399.8 billion ($849.1 million), were ongoing as of the first half of 2024, which will further boost the industry's growth in the coming years.

In another boost to the industry's output, the government extended the preferential lending period for the hotel industry from seven to 10 years in August 2024. This extension is expected to facilitate the construction of internationally franchised hotels in six regions, thereby stimulating entrepreneurial activity and boosting the sector's development.

Over the forecast period, from 2025 to 2028, the construction industry is projected to grow at an average annual rate of 3.2%, driven by investments in energy projects, water reservoirs, transport infrastructure, and industrial parks. The development of new combined cycle plants at Almaty CHP-2 and CHP-3, along with thermal power plants in Kokshetau, Semei, and Ust-Kamenogorsk are expected to be completed between 2027 and 2028 to meet the country's electricity needs.

Scope

• Historical (2019-2023) and forecast (2024-2028) 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

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Latest news and developments

4 Project analytics

5 Construction Market Data

6 Risk Profile

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/9el0ah

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