Kazakh construction market to grow by 3% in 2013

As a result of the global financial crisis which hit the country in 2008, the construction industry suffered more than most areas of the Kazakh economy. Fortunately for builders, the government undertook several measures to support the industry which will positively influence the market in the coming years. Going forward, the market is expected to grow steadily reaching 3% real growth in 2013. Yet, the growth figures will be far below the stellar numbers seen in the times of the construction boom.
According to our latest report entitled “Construction sector in Kazakhstan 2012 – Development forecasts for 2012-2014”, for each area of the construction market a government programme has been rolled out to provide support. For example, the Forced Industrial-Innovative Development Programme, which envisaged the implementation of 469 projects between 2010 and 2014, will have an effect on both civil engineering and non-residential construction, depending on the nature of individual projects.

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