Kazakh construction industry to expand by 4.2% y-o-y in 2014

As indicated by the results of PMR’s latest report, entitled “Construction sector in Kazakhstan 2014. Development forecasts for 2015-2020”, the construction industry in Kazakhstan is projected to accelerate its annual expansion pace to 4.2% in 2014, up from 3.5% growth seen a year ago. During the first half of 2014, the Kazakh construction industry also showed great promise, with growth fuelled mostly by civil engineering construction activity.
The oil and gas and mining industries are the fundamental drivers of Kazakhstan’s extraordinary growth. In 2013, these were responsible for half of the country’s budget revenues.

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