Kazakhstan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Kazakhstan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
GlobalData forecasts the Kazakhstan construction industry to register an estimated real terms growth of 12.5% in 2025, supported by an increase in fixed capital investment and foreign direct investment (FDI), and higher residential loans and activities, coupled with the government's efforts to boost export demand through trade partnerships with various countries. The Kazakhstan construction industry registered a growth of 18.4% year-on-year (YoY) in the first two quarters of 2025, according to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. According to the Kazakh Economic Research Institute, the gross FDI inflow in the country grew by 6.2% YoY in the first half of 2025, reaching KZT3.2 trillion ($6.6 billion). According to the Ministry of National Economy of the Republic of Kazakhstan, investment in fixed capital grew by 17.5% YoY in the first nine months of 2025, preceded by an annual growth of 7.4% in 2024.
Over the remainder of the forecast period from 2026 to 2029, the construction industry is anticipated to expand at an average annual growth rate of 3.1%, supported by investments in energy, oil and gas, as well as transport infrastructure, alongside the government's focus on enhancing industrial capabilities to boost external demand. As of October 2025, notable developments include ongoing construction of a potash mining and processing facility in the western region of the country. This facility, which has a budget of KZT1.2 trillion ($2.4 billion) and an annual production capacity of 6 million tons, is projected to be completed by 2035. Additionally, in September 2025, the construction of a KZT3.7 trillion ($7.7 billion) polyethylene plant had commenced, which is expected to achieve an annual production capacity of 1.3 million tons by 2029. This project will also encompass the establishment of a gas separation complex and main pipelines. Furthermore, in August 2025, Qarmet, a local steel manufacturer, announced plans to construct a KZT338.4 billion ($700 million) casting and rolling complex in Temirtau, aimed at producing four million tons of flat products by 2027.
GlobalData’s Construction in Kazakhstan - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Kazakhstan’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in the Kazakhstan. It provides -
Summary
GlobalData forecasts the Kazakhstan construction industry to register an estimated real terms growth of 12.5% in 2025, supported by an increase in fixed capital investment and foreign direct investment (FDI), and higher residential loans and activities, coupled with the government's efforts to boost export demand through trade partnerships with various countries. The Kazakhstan construction industry registered a growth of 18.4% year-on-year (YoY) in the first two quarters of 2025, according to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. According to the Kazakh Economic Research Institute, the gross FDI inflow in the country grew by 6.2% YoY in the first half of 2025, reaching KZT3.2 trillion ($6.6 billion). According to the Ministry of National Economy of the Republic of Kazakhstan, investment in fixed capital grew by 17.5% YoY in the first nine months of 2025, preceded by an annual growth of 7.4% in 2024.
Over the remainder of the forecast period from 2026 to 2029, the construction industry is anticipated to expand at an average annual growth rate of 3.1%, supported by investments in energy, oil and gas, as well as transport infrastructure, alongside the government's focus on enhancing industrial capabilities to boost external demand. As of October 2025, notable developments include ongoing construction of a potash mining and processing facility in the western region of the country. This facility, which has a budget of KZT1.2 trillion ($2.4 billion) and an annual production capacity of 6 million tons, is projected to be completed by 2035. Additionally, in September 2025, the construction of a KZT3.7 trillion ($7.7 billion) polyethylene plant had commenced, which is expected to achieve an annual production capacity of 1.3 million tons by 2029. This project will also encompass the establishment of a gas separation complex and main pipelines. Furthermore, in August 2025, Qarmet, a local steel manufacturer, announced plans to construct a KZT338.4 billion ($700 million) casting and rolling complex in Temirtau, aimed at producing four million tons of flat products by 2027.
GlobalData’s Construction in Kazakhstan - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Kazakhstan’s construction industry, including -
- Kazakhstan’s construction industry's 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 Kazakhstan’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in the Kazakhstan. It provides -
- Historical (2020-2024) and forecast (2025-2029) 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
- 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 GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
28 Pages
- 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
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Kazakhstan, Top Construction Projects by Value
- Table 3: Kazakhstan, Construction Output Value (Real, $ Million)
- Table 4: Kazakhstan, Construction Output Value (Nominal, KZT Billion)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Kazakhstan, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 2: Kazakhstan, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 3: Eastern Europe, Construction Output (Real % Change), 2023–29
- Figure 4: Kazakhstan, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 5: Kazakhstan, Construction Vale Add Volume index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
- Figure 6: Kazakhstan, Construction Production Index (In % to the Appropriate Period of Previous Year)
- Figure 7: Kazakhstan, Investments in Fixed Capital (KZT Billion)
- Figure 8: Kazakhstan, Volume of Contracted Works (KZT Million)
- Figure 9: Kazakhstan, Residential Buildings Operating Start (Thousand m2)
- Figure 10: Kazakhstan, Investment in Housing Construction (In Million)
- Figure 11: Kazakhstan, Wholesale and retail trade Value-Add Volume index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
- Figure 12: Kazakhstan, Manufacturing Value-Add Volume index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
- Figure 13: Kazakhstan, Transport and Storage Value-Add Volume index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
- Figure 14: Kazakhstan, Information and Communication Value-Add Volume index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
- Figure 15: Kazakhstan, Education Value-Add Volume Index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
- Figure 16: Kazakhstan, Health and Social Services Value-Add Volume Index of GDP by the Production Method (In % to the Appropriate Period of Previous Year)
- Figure 17: Kazakhstan, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: Kazakhstan, Risk Summary
- Figure 19: Kazakhstan, Risk Regional Comparison
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