165 new projects in the construction industry will be implemented in Kazakhstan by 2025. They will allow the domestic market to get rid of the import of building materials. Approximately 1.66 trillion tenge was allocated for these purposes. Over 16,000 new jobs are also expected to be created in the country, said Kazakh Minister of Industry Beibut Atamkulov during the Government’s meeting. The launch of new production facilities will completely cover the domestic demand for concrete goods, dry mixes, brick, glass, cable, chipboard and façade panels. Hence, the proportion of imports of building materials will be halved. In general, these measures are aimed at preventing the rise in housing prices in the country.
“The introduction of such projects will reduce the share of imports by 60% in the domestic market and prevent the fluctuations in prices for building materials. The new projects will allow covering the average annual need of US$700 million for more than 10 types of goods by 2025,” said Beibut Atamkulov, Kazakh Minister of Industry and Infrastructure Development.
Translation and editing by Saniya Sakenova