PRLog (Press Release) – Apr 28, 2011 – Despite the prolonged downturn in many developing Asian economies Kazakhstan continues to buck the trend established by its regional peers. At present, Oil provides around 40% of GDP, however the government's goal to reduce the reliance on oil and gas bodes well for the construction sector as a whole. Construction industry value is expected to keep on rising with year-on-year (y-o-y) growth of 5.5% forecast for 2011. This equates to an industry value of US$12.3bn in 2011, all but doubling to US$23.0bn by 2015.
* In December 2010, UK-based investment institution the European Bank for Reconstruction and Development (EBRD) announced it would provide a EUR13.6mn (US$10.2mn) loan to Kazakh water utility Vodnye Resursy Marketing for wastewater system upgrading work. The funds will finance extension and rehabilitation work on wastewater facilities in the south of the country and the implementation of new, more environmentally sound, technologies. The loan is to be given in two tranches, with the second expected in 2013. * German electricity generator Pure Nature Energy announced plans to build a number of small hydropower plants in Kazakhstan with a total investment of EUR1bn (US$1.32bn). The plants will have capacity ranging from five to 60MW. Construction will take place over 10 years. * The US is hoping to reach an imminent agreement with partners in the Caspian Pipeline Consortium to expan manual trash compactor d the capacity of pipeline to between 67mn and 76mn tonness of crude oil a year. Shareholders have already agreed to the plans, which would require an investment of about US$5bn and should improve regional energy security. The pipeline transports oil from Kazakhstan to the Black Sea coast and the expansion work would take around five years.
Heavy investment in industries such as mining and metallurgy, textiles and retail all require investment in the requisite infrast rc helicopter market place ructure. Moreover, given the country's long-term economic potential and an improving business environment, we believe financing conditions for projects will boost the sector over the next few years stimulating greater foreign interest in the sector. This undoubted potential and impro garbage compactor review ving outlook is reflected in our forecasts for the construction industry, where we expect real growth to average 6.6% annually between 2011 and 2015.
There are growing signs that Kazakhstan President Nursultan Nazarbayev will seek another term in office come elections in 2012. While reports of political infighting have proliferated in the past fe trash bins w months, we believe the president's strong public support and control over all branches of government will assure him of victory. However, lack of clarity over Nazarbayev's eventual successor will keep the political elite conscious of their positioning within the current regime, with prominent political positions likely be fought over in the future.
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