Construction is one of the country's main industries and is currently benefiting from increased private investment and government support as part of national programs.
The sector is showing impressive indicators:
- Over the past three years, Kazakhstan has witnessed a large increase in new construction and housing projects and this is expected to continue as the population grows.
- In January-February 2024, construction volume increased by 12%, reaching 356.6 billion tenge.
- In January-February 2024, the total area of residential buildings reached only 2.1 million m².
- The Eurasian Development Bank (EDB) will invest $1 billion by the end of the year. Priority sectors include environment, construction and modernization of social infrastructure.
- In 2023, the country reported economic growth of 5.1%. Key industries such as the construction sector grew by 12.3%.
- Foreign direct investments (FDI) in Kazakhstan amounted to $19.7 billion during the first nine months of 2023; non-commodity sectors accounted for more than $11 billion of that amount. Fixed capital investments increased by 13.7%.
- The continued development of the construction industry will help achieve the strategic objectives of modernizing infrastructure, improving the population's standard of living, and stimulating investment in the country's economy.
Do you want to access this promising market? Kazbuild and Aquatherm Almaty are the only international events specialized in construction and HVAC in Kazakhstan. These two major events take place in Kazakhstan's thriving economic center, Almaty, where you can meet thousands of industry professionals.
The development of the construction industry will help achieve the strategic objectives of modernizing infrastructure, improving the population's standard of living and stimulating investment in the country's economy.
More information: KazBuild y Aquatherm Almaty
