ABOUT THE MARKET
KAZAKHSTAN is the 9th largest country in the world, occupying 2 million 724.9 thousand square kilometers. Geographically, the country is located in the center of the Eurasian continent the crossroads of Europe and Asia. The population is 19.9 million people (2023). Astana is the capital of Kazakhstan.
Kazakhstan was the first among the countries of Central Asia and the CIS to hold the international specialized EXPO-2017 exhibition on the theme “Future Energy”.
In 2023, Kazakhstan occupies a leading position in attracting foreign direct investment (FDI) among 15 countries of the post-Soviet space and in Central Asia with a share of 61%. Since January 2023, 59 investment contracts have been concluded with a total investment volume of 602 billion KZT.
The volume of foreign direct investment (FDI) into construction amounted to $189.8 million, real estate transactions - $234.3 million. By Decrees of the President of the Republic of Kazakhstan, 10 special economic zones were created in the country.
On the implementation of construction works and commissioning of facilities in the Republic of Kazakhstan (January-September 2023)
The increase in the volume of construction works in January-September 2023 compared to January-September 2022 is associated with works on the construction and repair of structures (+ 23.8%) and non-residential buildings (+8%).
By type of construction works (services) performed in January-September 2023, the largest share is occupied by works on the construction of non-residential (20.3% to the total) and residential buildings (14.3%), highways (14.2%).
The total area of new facilities put into operation amounted to 13,289.4 thousand square meters and increased compared to January-September 2022 by 11.6% and amounted to 11,697.9 thousand square meters, of which 6,901.2 thousand square meters are apartment buildings and 4,734.4 thousand square meters are individual houses. Most of the housing – 10,741.3 thousand square meters or 91.8% commissioned by private developers, of which 4,830.7 thousand square meters by the population.
ECONOMICAL GEOGRAPHY
Almaty is the largest metropolis in the country; for many decades it has been the economic, cultural and educational center of the republic.
Almaty region is an actively developing region. The volume of industrial production in January-November 2023 amounted to 1,580.9 billion KZT, which amounted to 107.1% compared to January-November 2022. In the manufacturing industry, the physical volume index amounted to 107.0%, supply of electricity, gas, steam, hot water and air conditioning - 107.2%, water supply, collection, processing and disposal of waste, pollution elimination activities - 105.1%.
Volume of construction works (services) in January-November 2023 amounted to 252.3 billion KZT, which is 1.4% more than in January-November 2022.
The volume of investments in fixed assets in January-November 2023 amounted to 599.2 billion KZT (with pre-assessment), which is 14.2% more than in January-November 2022.
Sources: Bureau of National Statistics, kapital.kz, primeminister.kz, Tengrinews.kz
