Search and Filter Through Our Comprehensive Database of Residential Building (Design & Construction) Projects and Tenders in Kazakhstan
Identify and track latest residential building (design & construction) projects (upcoming, ongoing/under-construction, completed), tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Kazakhstan.
Kazakhstan Residential Building (Design & Construction) Industry Analysis
The new residential buildings construction projects industry in Kazakhstan has experienced significant growth over the past decade, driven by an increasing demand for housing and rising urbanization. Kazakhstan is the ninth largest country in the world with a population of over 18 million. According to the World Bank, the country's urban population grew from 46% in 1990 to 58% in 2019. This growth has led to an increase in demand for housing, especially in urban areas, where most of the population lives.
The construction industry in Kazakhstan has been a key driver of the country's economic growth in recent years. The industry accounts for approximately 6% of the country's GDP and has experienced significant growth due to the government's focus on infrastructure development and urbanization. The construction industry has been one of the fastest-growing sectors in Kazakhstan, with an annual growth rate of 6.4% from 2014 to 2018.
The new residential buildings construction projects industry has been a major contributor to the growth of the construction sector in Kazakhstan. The country has seen a rise in the number of residential projects in recent years, with many developers focusing on constructing new apartment complexes and gated communities. According to the Kazakhstan Statistics Committee, the total number of residential buildings completed in 2019 was 9,645, a 21.8% increase from the previous year.
In addition to the increasing demand for housing, the growth of the new residential buildings construction projects industry in Kazakhstan has been driven by favorable government policies and incentives. The government has implemented a number of measures to support the construction industry, such as tax incentives, subsidies, and funding for infrastructure projects. The government has also encouraged foreign investment in the construction sector, leading to an increase in foreign investment in new residential construction projects.
Looking forward, the industry outlook for the new residential buildings construction projects industry in Kazakhstan remains positive. The country's urbanization rate is expected to continue to grow, driving demand for new housing developments. The government's focus on infrastructure development and urbanization is also expected to continue, providing further support for the industry. Moreover, the government has set a target to increase the country's housing stock by 25% by 2025, which is expected to provide a significant boost to the new residential buildings construction projects industry.
In conclusion, the new residential buildings construction projects industry in Kazakhstan has experienced strong growth in recent years, driven by an increasing demand for housing, favorable government policies, and incentives. The industry outlook remains positive, with the country's urbanization rate expected to continue to grow and the government's focus on infrastructure development and urbanization providing further support for the industry.
Looking for a List of Residential Building (Design & Construction) Projects in Kazakhstan?
Are you searching for residential building (design & construction) projects and tenders in Kazakhstan?
We have compiled the most comprehensive and up-to-date database of global projects and tenders to quickly find opportunities needing your services.
Blackridge Research's Global Project and Tender database is a valuable resource for EPC companies, general contractors, subcontractors, manufacturers, suppliers, operation & maintenance (O&M) companies, investors, consulting companies, and law firms looking for new business opportunities.
Our database includes all the essential project details, contact information of project owners and stakeholders, making it easy for you to establish your connection and grow your business.