Construction industry in Kazakhstan fostered by government-initiated programmes

The construction industry suffered more than most areas of the Kazakh economy as a result of the global financial crisis which hit the country in 2008. Fortunately for builders, the government undertook several measures to support the industry, without which the consequences would have been more severe than the 5% reduction seen in 2009.
One of the most prominent programmes prepared by the government is the State Programme on Forced Industrial-Innovative Development for 2010-2014, the main aim of which is to diversify the economy and increase its competitiveness. The programme calls for the expansion of several sectors, such as chemicals, nuclear and manufacturing, and to this effect, numerous investment projects are being implemented. Within the programme, 227 industrial plants and facilities have already been completed, at a total cost of $6.2bn.

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