A combination of development funding inflows and an expansive government privatisation initiative will facilitate a significant diversification of Kazakhstan's competitive landscape in the coming years.
The planned privatisation of key state-controlled entities presents significant upside to our construction growth outlook for Kazakhstan, with asset sales offering a measure of fiscal relief to the cash-strapped Kazakh government and an avenue for foreign investment into the country's infrastructure sector
The success of the China-backed Asian Infrastructure Investment Bank (AIIB) in partnering with other development institutions to jointly finance infrastructure projects is a sign of further cooperation to come and cements our expectation that multi-lateral development funding will be increasingly crucial to the realisation of infrastructure projects.
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Thanks, BMI Research