Amidst the ongoing pandemic, the Turksib district successfully stands by their plan, with approximately 2,000 apartments set to commence functioning.
In the heart of Almaty, Kazakhstan, the Turksib district is gearing up for a significant expansion in its housing sector. According to the latest announcements, over 139,100 square metres of housing is expected to be commissioned in 2021, equivalent to 42 multi-apartment residential buildings and approximately 2,000 apartments.
The akim of the Turksib district, Bakytzhan Akjarov, made this announcement, marking a positive step forward in the district's economic development. This expansion comes after a successful year in 2020, where the district demonstrated resilience in the face of challenging pandemic conditions.
In 2020, the district witnessed a remarkable increase in industrial production and investment in fixed capital. The volume of industrial production for 12 months in 2020 was 215 billion tenge, an increase of 105.7% compared to the same period in 2019. Similarly, investment in fixed capital amounted to 81.5 billion tenge, representing a 113.2% increase.
The district's economic development is primarily measured by the volume of industrial production and investment in fixed capital. The volume of construction work also saw a significant increase, with a 138% rise compared to the same period in 2019.
Looking ahead to mid-2025, while there is no explicit public information about large-scale multi-apartment residential building projects in Turksib, municipal-level building and infrastructure projects are active in the district. Ongoing or planned architectural works related to lighting the facades of buildings for a government apparatus and maintenance or current repair work on non-residential buildings are among the projects underway.
However, specific announcements or tenders for new multi-apartment residential construction are not readily available in the search results, suggesting that further inquiry with local municipal authorities or city planning departments may be necessary for detailed and updated information.
As one of the eight official districts of Almaty, a major and rapidly growing city with a population near two million, Turksib boasts substantial industrial, educational, and cultural infrastructure. Nevertheless, the specific focus on residential multi-apartment construction in Turksib is not directly visible from the tender databases or encyclopedic sources retrieved.
In 2021, the district also forecasts over 30,000 square metres for individual housing construction, indicating a continued emphasis on housing development in the district. This promising outlook bodes well for the future of Turksib and its residents.
Finance and investing in the Turksib district's real-estate sector could potentially be a lucrative business opportunity, given the significant expansion in the housing sector expected in 2021. The district's economic development, as shown by their increase in industrial production, investment in fixed capital, and construction work, points towards a stable and growing market for such investments.
