Construction in Kazakhstan - Key Trends and Opportunities to 2020

Published: August 2016
No. of Pages: 64
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In real terms, Kazakhstan's construction industry registered positive growth during the review period (2011-2015), driven by public and private sector investments in construction projects.

Despite uncertain economic conditions, government efforts to finance infrastructure projects by allocating finances from the National Fund of the Republic of Kazakhstan (NFRK), supported construction activity during the review period, particularly in 2014 when it allocated KZT483.8 billion (US$2.7 billion) to infrastructure projects.

The industry's output value in real terms increased at a review-period compound annual growth rate (CAGR) of 7.93%, and is expected to register a forecast-period CAGR of 6.39%.

There are certain challenges associated with Kazakhstan's construction industry outlook. Low oil prices and a budget deficit are expected to limit growth potential during the early part of the forecast period.

Government efforts to improve transport infrastructure and develop regional connectivity will support the industry's growth over the forecast period.


Timetric's Construction in Kazakhstan - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Kazakhstani construction industry including:

  • Kazakhstani construction industry's growth prospects by market, project type and construction activity
  • Analysis of equipment, material and service costs for each project type in Kazakhstan
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Kazakhstani construction industry
  • Profiles of the leading operators in the Kazakhstani construction industry
  • Data highlights of the largest construction projects in Kazakhstan


  • This report provides a comprehensive analysis of the construction industry in Kazakhstan. It provides:
  • Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Kazakhstan using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Detailed profiles of the leading construction companies in Kazakhstan

Reasons To Buy

  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Key Highlights

  • With the aim of promoting economic growth, the government launched the Nurly Zhol program. This program involves an investment of over KZT241.4 billion (US$1.1 billion) and includes the development of the country's infrastructure in various sectors, including transport, industrial, tourism, housing, energy and education by 2019.
  • In January 2015, the government launched the Second Irrigation and Drainage Improvement program, in collaboration with the International Bank for Reconstruction and Development (IBRD). The program aims to improve the country's irrigation and drainage infrastructure by 2021.
  • Kazakhstan will host EXPO-2017 in the capital city of Astana from June 10 to September 10, 2017. EXPO-2017 is an international event which will showcase the major achievements and prospects of sustainable energy sources. The event is expected to attract over five million visitors from 100 countries. Accordingly, the government announced its plan to implement 26 construction projects to accommodate the influx of visitors.
  • In a bid to revitalize growth in the oil sector, the Ministry of Energy is making efforts to attract foreign investments in the sector. In July 2016, the government approved an expansion project in the Tengiz oil field, which is located on the Caspian Sea in Kazakhstan. The project will be implemented by Chevron Corporation, a major energy company based in the US.

Published By: Timetric
Product Code: Timetric2676

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