Kazakhstan set to strengthen control in construction sector

Kazakhstan set to strengthen control in construction sector

Kazakhstan is set to enhance control over shared construction projects. The corresponding proposals have already been sent to the government, as noted by the country’s Minister of Industry and Construction Kanat Sharlapayev. They are primarily aimed at enhancing transparency in the industry, as well as to support and protect the rights of Kazakh citizens purchasing housing. Additionally, special attention will be paid to improving the financial literacy of the population in the housing and utilities sector.

“We are lowering the entry thresholds for state mechanisms for shared construction. This should serve as both an incentive and a regulatory measure, So, while there are restrictions in the form of penalties in place, we are simultaneously lowering the experience thresholds for citizens, making the shared construction insurance system more available for people,” Sharlapayev said.