Construction in Kazakhstan - Key Trends and Opportunities (H1 2021)
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Construction in Kazakhstan - Key Trends and Opportunities (H1 2021)
Summary
Despite the impact of the Coronavirus (COVID-19) pandemic, Kazakhstans construction industry expanded by 11.2% in real terms in 2020, following growth of 13.1% in 2019, with the industrys output value increasing from US$22.6 billion in 2019 to US$25.1 billion in 2020.
GlobalData expects the construction industry to grow by 6.1% in real terms in 2021, and then expand at an annual average rate of 5.7% between 2022 and 2025. Over the forecast period, the industrys output is expected to be supported by the governments investment on the development of transport infrastructure, residential and energy and utilities construction projects. Improvements in consumer and investor confidence and positive developments in regional economic conditions will also provide momentum.
Industry output over the forecast period will be supported by investment under the Nurly Zhol State Infrastructure Development Program for 2020-2025, under which the government aims to create an efficient and competitive transport infrastructure, improve the technological and institutional environment and develop transit and transportation services across the country. According to the Ministry of Industry and Infrastructure Development, the government plans to implement 112 infrastructure projects worth KZT5.5 trillion (US$11.9 billion) by 2025. The plan is to construct and reconstruct 10,000km of roads and repair of 11,000km of the road network across the country.
In the first quarter of 2021, an Enhanced Partnership Framework Arrangement (EPFA), the five-year agreement, was signed between the European Bank for Reconstruction and Development (EBRD) and Kazakhstan to enhance the resilience, digitalization, modernization and regional integration of the national economy until 2025. The aim is to develop economy by attracting foreign direct investment, supporting the private sector and developing modern transport and municipal infrastructure across the country.
This report provides detailed market analysis, information and insights into Kazakhstans construction industry, including -
- Kazakhstans construction industrys growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Kazakhstans construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Kazakhstan. It provides -
- Historical (2016-2020) and forecast (2021-2025) 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 GlobalDatas 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 GlobalDatas critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Summary
Despite the impact of the Coronavirus (COVID-19) pandemic, Kazakhstans construction industry expanded by 11.2% in real terms in 2020, following growth of 13.1% in 2019, with the industrys output value increasing from US$22.6 billion in 2019 to US$25.1 billion in 2020.
GlobalData expects the construction industry to grow by 6.1% in real terms in 2021, and then expand at an annual average rate of 5.7% between 2022 and 2025. Over the forecast period, the industrys output is expected to be supported by the governments investment on the development of transport infrastructure, residential and energy and utilities construction projects. Improvements in consumer and investor confidence and positive developments in regional economic conditions will also provide momentum.
Industry output over the forecast period will be supported by investment under the Nurly Zhol State Infrastructure Development Program for 2020-2025, under which the government aims to create an efficient and competitive transport infrastructure, improve the technological and institutional environment and develop transit and transportation services across the country. According to the Ministry of Industry and Infrastructure Development, the government plans to implement 112 infrastructure projects worth KZT5.5 trillion (US$11.9 billion) by 2025. The plan is to construct and reconstruct 10,000km of roads and repair of 11,000km of the road network across the country.
In the first quarter of 2021, an Enhanced Partnership Framework Arrangement (EPFA), the five-year agreement, was signed between the European Bank for Reconstruction and Development (EBRD) and Kazakhstan to enhance the resilience, digitalization, modernization and regional integration of the national economy until 2025. The aim is to develop economy by attracting foreign direct investment, supporting the private sector and developing modern transport and municipal infrastructure across the country.
This report provides detailed market analysis, information and insights into Kazakhstans construction industry, including -
- Kazakhstans construction industrys growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Kazakhstans construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Kazakhstan. It provides -
- Historical (2016-2020) and forecast (2021-2025) 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 GlobalDatas 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 GlobalDatas critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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. About GlobalData
6.1 Definitions
List Of Tables
Table 1: Construction Industry Key Data
Table 2: Kazakhstan, Top Construction Projects by Value
Table 3: Kazakhstan, Construction Output Value (Real, US$ Million)
Table 4: Kazakhstan, Construction Output Value (Nominal, KZT Billion)
Table 5: GlobalData Construction Market Definitions
List Of Figures
Figure 1: Kazakhstan, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 2: Kazakhstan, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 3: Asia-Pacific, Construction Output (Real % Change), 2020 and 2021
Figure 4: Kazakhstan, Construction Projects Pipeline by Sector (US$ Million)
Figure 5: Kazakhstan, Construction Value-Add (KZT Million, 2005 Constant Prices)
Figure 6: Kazakhstan, Volume of Contraction Works (KZT Million)
Figure 7: Kazakhstan, Investments in Fixed Capital (KZT Million)
Figure 8: Kazakhstan, Investments in Housing Construction (KZT Million)
Figure 9: Kazakhstan, Construction Projects Pipeline, Value by Stage (US$ Million)
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