Table of contents:

1. Methodology

2. Executive summary

3. General information

4. Macroeconomic overview

• Gross domestic product
• Investment
• Gross fixed capital formation
• Fixed capital investment
• Investment in construction
• Foreign direct investment
• Inflation
• Exchange rate
• Ease of doing business
• Starting a business
• Dealing with licences
• Registering property
• Protecting investors
• Paying taxes
• Trading across borders
• Enforcing contracts
• Investment climate

5. Overview of the construction industry

• Gross value added in construction
• Construction output
• Construction output forecast
• Employment and wages
• Construction companies
• Business activity in construction
• Cement industry
• Production of other building materials
• Prices in construction
• Taxes

6. Civil engineering

• Transport infrastructure
• Transport Strategy for Kazakhstan until 2015
• Roads
• Railways
• Airports
• Seaports/harbours
• Pipeline network expansion
• Power generation investments
• Overview
• Energy production
• Energy distribution
• Power generation in 2007
• Power Generation Development Programme 2007-2015
• Environmental protection projects
• Environmental Protection Programme for years 2008-2010
• Public-Private-Partnership in infrastructure development

7. Non-residential construction

• Overview
• Classification
• Office buildings
• Retail space
• Warehouses
• Hotels
• Investment opportunities

8. Residential construction

• Housing stock
• Investment in residential construction
• Commissioning of residential buildings
• Housing prices
• Residential construction development programmes
• The G4 project

9. Company profiles

• Civil engineering companies (energy industry)
• Montazhspetsstroy
• INTEC
• Worley Parsons
• Imstalcon
• Kazstroyservice
• Transstroymost
• JGC Corporation (Japan)
• ASPMK
• Railway and road construction companies
• Alsim Alarko Holding
• Todini Costruzioni Generali
• Remput
• Zhol Zhondeushi
• Yrysty Aevrz
• Temir Zholy Zhondeu
• Residential and non-residential construction companies
• Sembol Insaat
• BI GROUP
• Kulager
• Kuat
• Bazis-A
• Astana-Nedvizhimost
• Vek Corporation
• Silk Way Construction
• Elitstroy
• Almatygorstroy
• Nayza-Kurylys

List of graphs and Tables:

List of graphs

1. Real growth in construction output in Kazakhstan (y-o-y), 2003-2010
2. Provinces of Kazakhstan
3. GDP growth in Kazakhstan (%), 2000-2009
4. Contribution of construction industry to GDP 2000-2007
5. Gross fixed capital formation in Kazakhstan (%, y-o-y), 2000-2007
6. Gross foreign direct investment in Kazakhstan ($ bn), 2000-2007
7. Foreign direct investment in Kazakhstan, by countries, Q1-Q3 2007
8. Consumer price index in Kazakhstan (%), average and at year end, 2000-2007
9. EUR/KZT and USD/KZT exchange rates, Q1 2006-Q1 2008
10. Doing Business 2008 rank for CIS countries
11. Growth in GDP and GVA in construction in Kazakhstan (%, y-o-y), 2000-2007
12. Construction output and real growth in Kazakhstan ($ bn, %), 2000-2007
13. Real growth in construction output in Kazakhstan (y-o-y), 2003-2010
14. Average monthly salary in the Kazakh economy and in the construction industry (KZT), January 2007-February 2008
15. The number of construction companies in Kazakhstan, 2000-2007
16. Main barriers to doing business in the Kazakh construction sector (% of all construction enterprises inquired), Q4/2007
17. Cement production in Kazakhstan (million tons), 2000-2007
18. Construction price index in Kazakhstan (%), average and at year end, 2000-2007
19. International transport corridors across Kazakhstan
20. Road infrastructure development projects in Kazakhstan, 2006-2012
21. Western Europe-Western China Transcontinental Corridor on the territory of Kazakhstan
22. Commissioning of buildings in Kazakhstan, 2005-2007
23. Office prime base rent benchmarks in Almaty and selected European cities ($/m2/year), Q4 2007
24. Class A and B base rent growth in Almaty ($/m2/year), 2000-2010
25. Modern office stock in Almaty and selected European cities (‘000 m2), Q4 2007
26. Modern office stock in Almaty and selected European cities (m2 per 1,000 inhabitants), Q4 2007
27. Prime base rents in modern shopping centres in Astana, Almaty and selected European cities ($/m2/year), Q4 2007
28. Existing and planned high quality shopping centres in Almaty, 2002-2010
29. Existing and planned high quality shopping centres in Astana, 2008-2012
30. Total warehousing space in Almaty and Almaty Province, and European cities (m2/1,000 inhabitants), 2007
31. The number of people served by accommodation enterprises in Kazakhstan, 2002-2007
32. Total room stock in accommodation facilities in Kazakhstan, 2002-2007
33. The total number of beds in accommodation facilities in Kazakhstan, 2002-2007
34. Average price per night in hotels in Almaty, Astana and selected world cities ($), 2007
35. Investment in residential construction in Kazakhstan (KZT bn, %, y-o-y), 2000-2007
36. Investment in residential construction as a portion of total fixed-capital investment in Kazakhstan, 2000-2008
37. Residential construction by private sector in Kazakhstan (million m2), 2002-2007
38. New housing units completed in Kazakhstan, total and individual homes, 2006 and 2007
39. Changes in prices for new and used dwellings in Kazakhstan (December-to-December), 2001-2007

List of tables

1. Fixed capital investment in Kazakhstan (KZT billion), by regions, 2003-2008
2. Changes in fixed capital investment in Kazakhstan (%), by regions, 2003-2008
3. Investment in construction in Kazakhstan (KZT billion), 2003-2006
4. Construction output in Kazakhstan (KZT billion), by regions, 2003-2008
5. Changes in construction output in Kazakhstan, by regions, 2003-2008
6. The number of construction companies in Kazakhstan, by region, 2003-2007
7. Cement production in Kazakhstan (‘000 tons), 2000-2008
8. Production of ceramic, silicate and slag bricks, lime, building structures made of concrete, and crude steel in Kazakhstan, 2000-2008 – Part 1
9. Production of ceramic, silicate and slag bricks, lime, building structures made of concrete, and crude steel in Kazakhstan, 2000-2008 – Part 2
10. Price changes in the construction industry in Kazakhstan (%), 2001-2008
11. Price indices for services for construction of buildings and structures in Kazakhstan (%), 2002-2006
12. Price changes in construction industry in Kazakhstan regions (%), 2005-2007
13. Price changes in building materials purchased by construction companies in Kazakhstan (%), 2001-2007
14. Stages of implementation of the Transport Strategy for Kazakhstan, 2006-2015
15. Investment volume by means of transport in Kazakhstan (KZT bn), 2006-2015
16. Length of transportation routes in Kazakhstan (at the end of the year, ‘000 km), 2000-2007
17. Planned work included in Strategy for Road Development in Kazakhstan, 2008-2012
18. Research and project planning works in road construction projects in Kazakhstan, by regions, 2008
19. Construction work on the Western Europe-Western China international transport corridor in Kazakhstan, 2008-2012
20. Railway transportation in Kazakhstan, 2000-2006
21. Investment volumes in the railway industry (state budget resources) in Kazakhstan, 2006-2015
22. Railway construction projects based on concession formula in Kazakhstan, 2008-2015
23. Electrification projects based on concession formula in Kazakhstan, 2008-2015
24. Passenger transport in Kazakhstan (million), 2000-2007
25. Cargo transport turnover in Kazakhstan (tons), 2000-2006
26. Investment volumes in aviation (financing from the state budget) in Kazakhstan, 2006-2015
27. Gas exploitation indicators in Kazakhstan, 2006 and 2007
28. Total length of Kazakhstan pipelines (km), 2000-2006
29. Investment volumes from the State-run Programme for the Development of the KSCS, 2006-2015
30. Major thermal power stations in Kazakhstan, 2008
31. Major hydro-electric stations in Kazakhstan, 2008
32. Current spending on environmental protection in Kazakhstan, by regions, (KZT million), 2000-2006
33. Investments in environmental protection and exploitation of natural resources in Kazakhstan (KZT million), 2000-2006
34. Investments provided from the state budget for the Environmental Protection Programme in Kazakhstan, 2008-2010
35. Investments provided from international grants for the Environmental Protection Programme in Kazakhstan, 2008-2010
36. Selected projects from the Environmental Protection Programme in Kazakhstan, 2008-2010 – Part 1
37. Selected projects from the Environmental Protection Programme in Kazakhstan, 2008-2010 – Part 2
38. Projects considered in concession formula in Kazakhstan, with open tender for a concessionaire planned for 2007-2009
39. Major future office projects in Almaty, 2008-2010
40. Major characteristics of the retail property market in Almaty and Astana, 2007
41. Logistics centres in Almaty, completed in 2005-2007 and planned
42. Logistics centres in other regions of Kazakhstan, completed in 2004-2007 and planned
43. The number of people served by accommodation enterprises in Kazakhstan, by regions, 2002-2006
44. Total room stock in accommodation facilities in Kazakhstan, by regions, 2002-2006
45. The total number of beds in accommodation facilities in Kazakhstan, by region, 2002-2006
46. Developments on the hotel market for temporary accommodation in Kazakhstan, Q1-Q3 2007
47. Hotels of international brands in Kazakhstan
48. Planned hotel projects of international brands in Kazakhstan
49. Investment in residential construction in Kazakhstan (KZT million), by region, 2003-2008
50. Changes in investment in residential construction in Kazakhstan, by region, 2003-2008
51. Commissioning of housing in Kazakhstan (‘000 m2 of total floor space), 2000-2008
52. Changes in commissioning of housing in Kazakhstan, by region, 2000-2008
53. Changes in prices for new and used dwellings in major cities of Kazakhstan, December 2007
54. Residential construction plans according to the 2008-2010 residential construction development programme (million m2)

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Global liquidity crisis hits the Kazakh construction industry - June 2008 Until recently, the construction industry of the second largest member of the Commonwealth of Independent States had grown rapidly, by over 36% a year in 2000-2007. However, the financial turmoil on world markets which erupted mid-2007 has had a strong impact on the Kazakh construction market as its recent boom was largely financed with foreign loans. As a result of the crisis, business activity in the sector slowed and the value of construction works is expected to drop significantly. Nonetheless, in the medium-term a modest revival of the Kazakh construction industry is expected as the national economy struggles to overcome the consequences of the lower supply of money. To receive a full version of this FREE article, please fill in the form below. The article (in a PDF file ) will be sent to your e-mail address. None of this information will be disclosed to third parties. To be assured that we take your privacy seriously, please read our privacy policy. Please fill out all the fields correctly. Information will only be provided if forms are adequately completed.

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