The turnover of small and medium-sized enterprises (SMEs) in Kyrgyzstan’s construction sector has increased 2.5 times over the past five years, according to national statistics.
Medium-sized and small businesses have become key drivers of growth in one of the country’s most important economic sectors. In 2020, the volume of work performed by SMEs in construction amounted to 70 billion KGS ($802 million). By the end of 2024, this figure had risen to 185 billion KGS ($2.1 billion).
Role of Individual Entrepreneurs
More than half of total construction output in 2024 was attributed to individual entrepreneurs. Their main advantage lies in the ability to respond quickly to shifting demand in the housing and infrastructure markets. Their contribution was estimated at 95 billion KGS ($1.08 billion).
Small construction firms also recorded substantial growth, tripling their output to 65 billion KGS ($745 million) in 2024. Medium-sized companies posted the fastest expansion: in 2022, they delivered projects worth 7.8 billion KGS ($90 million), rising to 25.2 billion KGS ($289 million) in 2024.
Sector Growth Outpaces the Economy
The Eurasian Economic Commission previously reported a 40% increase in Kyrgyzstan’s construction sector during the first half of 2025. In the first five months of the year alone, construction volumes nearly doubled compared to the same period in 2024.
As previously reported by The Times of Central Asia, Kyrgyz authorities have designated construction as a strategic priority for national development. Investment in residential housing, infrastructure, and social facilities quadrupled in the first five months of 2025, reaching $800 million.
Kyrgyzstan’s GDP grew by 11.5% in the first seven months of 2025, with construction contributing 3 percentage points and the services sector accounting for approximately 5 percentage points.
