Professionals dedicated to furthering Kazakhstan

hands and plans

How Baiterek works with the Government

Baiterek is closely connected with the Government of the Republic of Kazakhstan, which is the sole shareholder and participates management. Investors and partners of Baiterek can be sure that they are financing projects which are aligned with the national priorities and policy. Baiterek simplifies investor-Government relations using efficient established coaction. 


Information about Baiterek Holding

“Baiterek” National Managing Holding JSC (hereinafter referred to as “Baiterek” NMH” JSC, Baiterek Holding, Holding) is the key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures the implementation of objectives for the sustainable development of the economy of Kazakhstan through its diversification, support for innovations, exports development, increase in labor productivity.

The sole shareholder of “Baiterek” NMH” JSC is the Government of the Republic of Kazakhstan.

Baiterek Holding is an integrated development institution that includes 11 subsidiaries: 10 joint stock companies with 100% participation of the Holding ("Development Bank of Kazakhstan" JSC, "Housing Construction Savings Bank" of Kazakhstan JSC, "Baiterek Development" JSC, "Damu" FRP" JSC, "QazTechVentures" JSC, "Kazakhstan Mortgage Company" JSC, "Investment Fund of Kazakhstan" JSC, "Kazakh Export" JSC, "Kazyna Capital Management" JSC, "Housing Construction Guarantee Fund" JSC) and one limited liability partnership with 97 -percentage participation ("Kazakhstan Project Preparation Fund" LLP), 4 organizations of the 3rd level: "DBK-Leasing" JSC, "Engineering and Technology Transfer Center" JSC, "Baiterek Venture Fund" JSC and "BV Management" LLP.


At the same time, within the framework of the instrument of direct investment in company capital, the Holding has various ownership interests in 48 companies.

The mission of “Baiterek” NMH JSC is contribution to the sustainable economic development of the Republic of Kazakhstan to implement the public policy and achieve the goals set out by the Strategy - 2050.
Strategic directions of the activities:
Support for entrepreneurship in the segment of large-sized businesses;
Support for entrepreneurship in the SME segment;
Increase in housing affordability;
Increase in export potential;
Transfer and introduction of innovations.


Baiterek's role in state programs

Baiterek Holding is the key operator in the implementation of the following state and government programs:

The Plan of the Nation - “100 Concrete Steps”.

In May 2015, the President of the Republic of Kazakhstan announced the Plan of the Nation.

In accordance with step 62 of the National Plan, Baiterek NMH JSC continues the initiative to implement the program “Leaders of Competitiveness - National Champions 2.0” (hereinafter referred to as the initiative) with the focus on supporting leaders of medium-sized businesses in non-resource sectors of the economy.

The initiative aims to facilitate the creation of competitive, export-oriented and high-tech manufacturing industries.

Support measures consist of three main areas: financial support, consulting support and institutional support.

As part of financial support, the initiative participants are provided with access to the financial instruments of subsidiaries of Baiterek NMH JSC in accordance with their internal documents.

In addition, companies are provided with institutional support, as well as support is provided to ensure access to best practices in the field of management and to increase the efficiency of activities involving consulting companies. Moreover, the Holding acts as a link for an effective dialogue between the participants in the initiative and government bodies to eliminate industry-wide barriers.

“Nurly Zhol” State Infrastructure Development Program for 2020 – 2025

The main priority of the Nurly Zhol Program is to increase the availability of financing for small and medium-sized businesses and large enterprises in the manufacturing industry.

Within the framework of the Nurly Zhol Program, Baiterek NMH JSC and its subsidiary Kazakhstan Project Preparation Fund LLP (hereinafter - KPPF) are involved or may be involved in the implementation of the task of creating an efficient transport and logistics infrastructure in terms of preparing pre-project and project documentation, support and consulting of public-private partnership projects and investment attraction.

The state program of industrial and innovative development of the Republic of Kazakhstan for 2020 - 2025 (hereinafter - SPIID)

The purpose of SPIID for 2020 - 2025 is the formation of a competitive manufacturing industry of the Republic of Kazakhstan in the domestic and foreign markets.

Baiterek NMH JSC is one of the main operators in implementing such program tasks as increasing production volumes and expanding the range of processed goods that are in demand in the domestic and foreign markets, as well as technological development and digitalization of manufacturing industries.

In particular, Baiterek NMH JSC continues to be the operator of all repayable financial support measures through subsidiaries, whose mandate is to attract resources from external and domestic debt and capital markets to provide preferential loans to manufacturing enterprises. Baiterek NMH JSC will also proactively expand the comprehensive support approach to manufacturing enterprises, adhering to the following principles of financial support:

1) the exclusion of ineffective and unclaimed support measures;

2) reduction of budget financing for state and quasi-state enterprises;

3) reduced funding for support programs that distort market prices and adversely affect the development of the private sector;

4) preferential support for projects co-financed by the private sector, with financing from public funds.

As part of the financial support measures provided, Baiterek NMH JSC will list the priority types of economic activity in strict accordance with the SPIID's focus for 2020 - 2025 (manufacturing and related services).

“Business Roadmap 2025” State Program for Entrepreneurs Support

Damu Entrepreneurship Development Fund JSC is a financial operator of the State Program “Business Road Map -2025” and provides support to SMEs by subsidizing interest rates on loans and guaranteeing loans to second-tier banks in three directions:

1) increasing the accessibility to financing of entrepreneurs, including the development of family entrepreneurship in single-industry towns, small towns and rural settlements;

2) an increase in the volume of manufactured products of the manufacturing industry;

3) preventing the transformation of currency risks into credit risks due to fluctuations in foreign currencies.

State program for the development of productive employment and mass entrepreneurship for 2017 - 2021 "Enbek"

The Damu Entrepreneurship Development Fund JSC is the financial operator of the Enbek Program and provides financing and guaranteeing loans / microloans to entrepreneurs in cities and single-industry towns under the direction of “Mass Entrepreneurship Development”.

The program "National Export Strategy of the Republic of Kazakhstan"

The aim of the Program is to create conditions for an increase in the volume of non-primary exports by 1.5 times by 2022, as well as diversification of markets for goods and services.

ESK KazakhExport JSC is the main operator of the implementation of the National Export Strategy of the Republic of Kazakhstan Program, in terms of participation in such tasks as strengthening the institutional framework for supporting exporters and providing financial support measures for exporters.

“Nurly Zher” State Housing Construction Program

Due to the high demand of the population for housing, the Nurly Zher Program was developed. The main attention is focused on the preparation of engineering and social infrastructure, financial incentives for private developers, the effective use of the housing construction savings system and the transfer of credit housing construction to extrabudgetary financing.

One of the strategic areas of activity of Baiterek NMH JSC and its subsidiaries is the implementation of the Nurly Zher Program in order to increase the availability and comfort of housing. Achievement of the goals is provided through the implementation of a unified housing policy through the tools of the joint-stock company "Housing Construction Savings Bank of Kazakhstan" (hereinafter - ZHSSBK), the joint-stock company Mortgage Company Kazakhstan Mortgage Company (hereinafter - KIK), the joint-stock company Bayterek Development (hereinafter - DB) , the Joint-Stock Company “Housing Construction Guarantee Fund” (hereinafter - the Federal Housing Fund) and Damu for the following tasks:

1) stimulation of housing construction by private developers by subsidizing interest rates on commercial loans of second-tier banks (hereinafter - STB);

2) the construction of credit housing for the waiting list of local executive bodies (hereinafter referred to as the IIO) and the depositors of the ZhSSBK by acquiring the securities of the IIO, placing conditional deposits in STBs and other mechanisms for financing housing construction;

3) the implementation of the mechanism for protecting shared deposits of the population;

4) the provision of affordable financing for the purchase of housing for certain categories of citizens.

State program "Digital Kazakhstan"

Baiterek NMH JSC participates in the implementation of the State Program Digital Kazakhstan, in terms of the implementation of the Single Window on government support measures by automating the processes of interaction with SMEs. This work is carried out in two directions - through the line of "electronic government" and its own platform, "Single portal for supporting entrepreneurship" Digital Baiterek ".

In addition, Baiterek NMH JSC participates in the implementation of measures to create venture capital funds, as well as creating incentives for enterprises to introduce Industry 4.0 technologies.

Board of Directors

Мамин Аскар Узакпаевич
Askar Mamin
Chairman of the Board of Directors, Prime Minister of the Republic of Kazakhstan
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Suleimenov Timur Muratovich
Member of the Board of Directors, Deputy Head of the Administration of the President of the Republic of Kazakhstan
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Roman Sklyar
Roman Sklyar
Member of the Board of Directors, Deputy Prime Minister of the Republic of Kazakhstan
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Zhamaubaev Yerulan Kenzhebekovich
Zhamaubaev Yerulan Kenzhebekovich
Member of the Board of Directors, Minister of Finance of the Republic of Kazakhstan
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Beibut Atamkulov
Member of the Board of Directors, Minister of Industry and Infrastructure Development of the Republic of Kazakhstan
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Ruslan Dalenov
Member of the Board of Directors, Minister of National Economy of the Republic of Kazakhstan
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Aidar Arifkhanov
Member of the Board of Directors, Chairman of the Management Board of "Baiterek" NMH" JSC
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 Клаус Мангольд
Klaus Mangold
Member of the Board of Directors, independent Director
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Томас Миров
Thomas Mirow
Member of the Board of Directors, independent Director
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 Филип Йео
Philip Yeo
Member of the Board of Directors, independent Director
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Arifkhanov Aidar Abdrazakhovich
Chief Executive Officer
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Омарходжаев А.С.
Omarkhojayev Anuar Sagynaliyevich
Deputy Chief Executive Officer
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Karagoishin Rustam
Deputy Chief Executive Officer
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Хамитов Е.Е.
Khamitov Yersain Yerbulatovich
Chief Financial Officer, Member of the Board
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Zhanke Timur
Chief Construction Officer, member of the Board
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Omarov Marat
Chief Strategy Officer, member of the Board
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Akrachkova Dina Viktorovna
Chief of Administrative Office
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Nurgozhin Adil Yergaliuly
Chief Digital Officer
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Son Vyacheslav Vladimirovich
Managing Director for Legal Affairs
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Shamshin Arman Nurzhanovich
Managing Director for Government Relations
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Our subsidiaries

The Holding employs 11 subsidiaries, each of which plays its role in the country's economy.


While supporting large-scale enterprises, the “Development Bank of Kazakhstan” JSC“KazakhExport” Export Insurance Company” JSC“Kazyna Capital Management” JSC, “Kazakhstan Project Preparation Fund” LLP and the “Investment Fund of Kazakhstan” JSC provide the support tools such as debt and equity financing, insurance of export operations, lease financing and consulting for projects structuring and administration, including those being implemented under the PPP mechanism.


As for small and medium-scale businesses, “Damu” Entrepreneurship Development Fund” JSC  provides enterprises with three support tools: interest rates subsidizing, loans guaranteeing and conditional investment of funds in second-tier banks.


The “Housing Construction Savings Bank of Kazakhstan” JSC“Kazakhstan Mortgage Company” JSC“Housing Construction Guarantee Fund” JSC and “Baiterek Development” JSC focus on increasing the financial affordability of housing through the development of financing, mortgage lending, subsidies and housing rental.


Moreover, the Development Bank of Kazakhstan and KazakhExport are supporting non-resource-based exporters, and QazTech Ventures, being a ‘fund of funds’, contributes to the development of technopreneurship through the tools of venture financing, business incubation and technology consulting.