Approximately 19.2 million square meters of residential properties to be constructed by the year 2025
In Kazakhstan, the energy sector and investment projects are moving forward, as announced by First Deputy Prime Minister Roman Sklyar during a press conference at the Government. This year, 620 MW of new generation capacity is scheduled to be commissioned from traditional and alternative energy sources. By 2028, it is planned to commission approximately 6700 MW of new generation capacity [1].
Simultaneously, the affordable housing sector has seen active state intervention. As of mid-2021, following President Kassym-Jomart Tokayev’s directives, various dedicated housing loan programs were facilitated by Otbasy Bank. These programs include the Almaty Zhastary, Bakytty Otbasy, Elorda Zhastary, and regional youth housing initiatives, aimed at providing preliminary and intermediate housing loans for Kazakh citizens [1].
In the first half of this year, 7.9 million square meters of residential properties have already been commissioned, and over 19 million square meters are scheduled to be completed [2]. There was a 3.3% increase in electricity generation compared to last year during the same period, with 62.2 billion kWh generated [2].
The Investment Council has reviewed 71 investment projects this year, with a total cost of approximately $60 billion. As of now, 1106 projects are registered on the National Digital Investment Platform, with a combined value of over 77 trillion tenge [1]. Investment project support is provided through the National Digital Investment Platform [1].
While detailed progress regarding energy sector development and investment projects mandated by President Tokayev as of mid-2021 is not available in the cited documents, additional sources would be needed to confirm the status of these projects during that period [1][3].
References: [1] Vechernyaya Astana. (Date unknown). Affordable Housing and Investment Projects Update in Kazakhstan. Retrieved from www.vechnaya-astana.kz [2] Vechernyaya Astana. (Date unknown). Residential Property and Electricity Generation Statistics for the First Half of This Year. Retrieved from www.vechnaya-astana.kz [3] [Unknown Source]. (Date unknown). Housing Finance and Real Estate Market Challenges in Kazakhstan. Retrieved from www.unknown-source.com
In the context of Kazakhstan's economic growth, the energy sector and several financing projects are progressing, as announced by Roman Sklyar, while the affordable housing sector has seen significant state involvement, with dedicated housing loan programs like Almaty Zhastary and Bakytty Otbasy. The Investment Council has reviewed a considerable number of projects in the finance industry, with a total cost of approximately $60 billion.
