Economic growth acceleration, as per Bektenov, revolves around intensifying speed: a primary goal we must achieve.
In a joint meeting of the Kazakh Parliament, Prime Minister Olzhas Bektenov shared his expectations for sustainable long-term growth in Kazakhstan. The government's efforts to strengthen the budget for development and remove administrative barriers are paying off, as evidenced by the impressive economic growth indicators.
The key sectors driving this growth are manufacturing, construction, transport and communication, trade, and agriculture. The manufacturing sector, in particular, has shown a robust 6.4% year-on-year growth in the first five months of 2025, with regions like Zhambyl, Turkistan, Almaty, and Shymkent recording strong increases in manufacturing output.
The construction sector has also seen a significant boost, with a 15.4% growth in early 2025. This surge is due in part to extensive investment in infrastructure and housing construction. The government aims to commission 19 million square meters of housing this year, with 6 million square meters already completed—a 5.7% increase compared to the same period in 2024. The construction industry is expected to grow by 6.8% in 2025.
The transport sector has grown by 23.1%, while the communication and telecommunication sector increased by 2.8%, with internet services growing 13.9%. The government plans large-scale infrastructure projects, including building and upgrading 13,000 km of roads by 2030, with 9,500 km of these projects already approved.
Trade and agriculture sectors have also contributed to the growth, with trade increasing by 7.8%, while agriculture grew by 4.0% in early 2025.
To maintain and increase these growth indicators, the government is implementing several measures. Gross fixed capital formation has grown 18.2% in early 2025, driven by investments in transport, industrial, and social infrastructure, as well as equipment and new industrial facilities. The authorities are also emphasising the need to eliminate administrative obstacles and develop clear monthly plans for each sector to enable companies to increase their output.
The government is focusing on accelerating growth in mechanical engineering, food, chemical, and oil refining industries as part of a broader industrial expansion plan to support overall GDP growth targets. Significant government-led infrastructure investments, including road construction and upgrades aimed at improving transportation efficiency across the country, underpin growth in construction and transport sectors.
The government has set ambitious housing targets, aiming to commission 19 million square meters in 2025 to support construction sector growth and address housing demand.
In the coming year, the government expects a significant increase in funding for infrastructure development due to the tax reform. As a result, Kazakhstan's economic growth is expected to continue its upward trajectory, creating conditions for sustainable long-term growth.
The manufacturing sector's growth of 6.4% in the first five months of 2025, as well as the government's aim to boost the construction sector with a target of commissioning 19 million square meters of housing in 2025, indicate a focus on finance and business sectors in Kazakhstan's economic growth strategy.
