Kazakhstan Infrastructure Report Q3 2011
Includes 3 FREE quarterly updates
BMI View: Infrastructure construction in Kazakhstan is in robust shape in 2011. The sector has shown strong growth potential and the latest 2010 data from the national statistics agency has come in above our initial estimates. Construction industry value is forecast to reach US$13.2bn in 2011. This will more than double by the end of the forecast period in 2015 when industry value will reach US$26.5bn. Key developments include:
US energy firm Chevron is to invest in a wind power project in Kazakhstan, reports Bloomberg. The announcement was made by the Kazakh government following a meeting between the firm's CEO and the country's president, Nursultan Nazarbayev. The project will boost Kazakhstan's renewable energy capacity.
State-owned power firm Kazakhstan Electricity Grid Operating Company has agreed a US$46mn deal with a consortium of South Korean companies for the construction of 327km of power transmission lines in Kazakhstan, according to Power Technology. Korean power and construction firms Korea Electric Power Corp. (KEPCO), Hyundai Corporation and Hyundai Engineering will build the 220kV lines which will connect to a hydropower plant.
Construction is due for completion in October 2011. Kazakhstan will continue to enjoy rapid economic growth through 2011 and 2012, underpinned by ongoing development of the nation's vast natural resource base and the positive spillover effects this will have on the wider economy. We forecast real economic growth of 7.2% and 6.9% in 2011 and 2012 respectively, and for the Kazakh economy to expand at an average rate of 6.5% per annum through to 2020.
However, long-term political stability in Kazakhstan remains a concern. Political power is concentrated in the hands of the 70-year-old president, Nursultan Nazarbayev, and Kazakhstan's investment appeal could be undermined if no clear process for his succession materialises.
BMI View: Infrastructure construction in Kazakhstan is in robust shape in 2011. The sector has shown strong growth potential and the latest 2010 data from the national statistics agency has come in above our initial estimates. Construction industry value is forecast to reach US$13.2bn in 2011. This will more than double by the end of the forecast period in 2015 when industry value will reach US$26.5bn. Key developments include:
US energy firm Chevron is to invest in a wind power project in Kazakhstan, reports Bloomberg. The announcement was made by the Kazakh government following a meeting between the firm's CEO and the country's president, Nursultan Nazarbayev. The project will boost Kazakhstan's renewable energy capacity.
State-owned power firm Kazakhstan Electricity Grid Operating Company has agreed a US$46mn deal with a consortium of South Korean companies for the construction of 327km of power transmission lines in Kazakhstan, according to Power Technology. Korean power and construction firms Korea Electric Power Corp. (KEPCO), Hyundai Corporation and Hyundai Engineering will build the 220kV lines which will connect to a hydropower plant.
Construction is due for completion in October 2011. Kazakhstan will continue to enjoy rapid economic growth through 2011 and 2012, underpinned by ongoing development of the nation's vast natural resource base and the positive spillover effects this will have on the wider economy. We forecast real economic growth of 7.2% and 6.9% in 2011 and 2012 respectively, and for the Kazakh economy to expand at an average rate of 6.5% per annum through to 2020.
However, long-term political stability in Kazakhstan remains a concern. Political power is concentrated in the hands of the 70-year-old president, Nursultan Nazarbayev, and Kazakhstan's investment appeal could be undermined if no clear process for his succession materialises.
Contents
SWOT AnalysisKazakhstan Infrastructure SWOT
Market Overview
Kazakhstan
Enticing Private Finance
Building Materials
Global Materials
Europe Overview
Industry Forecast Scenario
Table: Kazakhstan Construction And Infrastructure Industry Data
Table: Kazakhstan Construction And Infrastructure Industry Data
Construction And Infrastructure Forecast Scenario
Transport Infrastructure
Transport Infrastructure Overview
Major Projects Table – Transport
Table: Major Infrastructure Projects – Transport
Energy And Utilities Infrastructure
Energy And Utilities Infrastructure Overview
Major Projects Table – Energy And Utilities
Table: Major Infrastructure Projects – Energy & Utilities
Residential/Non-Residential Construction and Social Infrastructure
Residential/Non-Residential Construction and Social Infrastructure Overview
Residential/Non-Residential Construction and Social Infrastructure
Table: Major Infrastructure Projects – Residential/Non-Residential Construction and Social Infrastructure
Business Environment
Kazakhstan Business Environment
Rewards
Risks
Regional Overview
Eastern Europe Infrastructure Business Environment Ratings
Table: Central And Eastern European Infrastructure BE Ratings
Company Monitor
KazMunaiGaz (KMG)
Global Overview
Methodology
Industry Forecasts
Construction Industry
Data Methodology
New Infrastructure Data Sub-sectors
Construction
Capital Investment
Construction Sector Employment
Infrastructure Business Environment Rating
Table: Infrastructure Business Environment Indicators . 57 Skip to top