International cooperation

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International Events Participation

In 2019, the management of Baiterek Holding and its subsidiaries held more than 60 meetings with representatives of foreign organizations and more than 20 visits abroad, including to participate in exhibitions, forums and conferences as part of the visits of the Head of State of the Republic of Kazakhstan, the Prime Minister and Deputies of the Prime Minister of the Republic of Kazakhstan:

  • Participation in the official visit of the President of the Republic of Kazakhstan Tokaev K.K. in New York, USA, to attend the Roundtable with American business captains.
  • Participation in the official visit of the Prime Minister of the Republic of Kazakhstan, Mamin A.U. in The Hague, Kingdom of the Netherlands, to participate in the 5th Kazakhstan-Netherlands business forum.
  • Participation in the official visit of the President of the Republic of Kazakhstan Tokaev K.K. in Berlin, Germany, to participate in a round table with representatives of German business.
  • Participation in the official visit of the Prime Minister of the Republic of Kazakhstan, Mamin A.U. in the city of San Francisco, USA.
  • Participation of the Chairman of the Management Board of the Holding A. Arifkhanov on the official visit of the First President - Elbasy Nazarbayev N.A. in Beijing, China, to participate in the forum "One Belt, One Way".
  • Participation in the official visit of the Prime Minister of the Republic of Kazakhstan, Mamin A.U. to the Kyrgyz Republic to attend a meeting of the Kazakh-Kyrgyz Intergovernmental Council.
  • Participation in the official visit of the First President - Elbasy Nazarbayev N.A. in Baku, Azerbaijan Republic, to participate in the VII Summit of the Cooperation Council of Turkic Speaking States (CCTS).
  • Participation in the official visit of the Prime Minister of the Republic of Kazakhstan, Mamin A.U. in Istanbul, Turkey, to participate in the Kazakh-Turkish Business Forum.

 

Agreements and arrangements

 

As a result of the work, Baiterek Holding concluded a number of agreements with foreign organizations and financial institutions in 2019:

  • Agreement on cooperation between the Baiterek Holding and the Korean Corporation for the Development of Overseas Urban Infrastructure KIND. The agreement provides for the promotion of cooperation between the Parties;
  • Memorandum of Understanding between the Baiterek Holding and the Korean Institute for Technology Development KIAT;
  • The general agreement on cooperation in the field of reinsurance between JSC "ESK" KazakhExport "and the Korea Trade Insurance Corporation" K-Sure ". The agreement provides for the strengthening of joint cooperation by providing insurance support to exporters and financial institutions of Kazakhstan and Korea through the development of export contracts and credit insurance, which contributes to the export of goods and services between countries;
  • Agreement on cooperation between FRP DAMU JSC and the Korean Agency for SMEs and Startups KOSME. The agreement is aimed at accelerating the pace of sustainable development of small and medium enterprises in both states through the implementation of non-financial support programs by the Parties;
  • A loan agreement between Development Bank of Kazakhstan JSC and the State Development Bank of China in the amount of $ 800 million to finance the expansion of the investment project of Kaz Minerals Aktogay LLP (Financing the construction of a sulfide ore dressing plant with a capacity of 50 million tons per year under the Aktogay Construction mining and processing plant in the East Kazakhstan region);
  • Memorandum of Understanding between Baiterek Holding and UK Export Finance, a British financial agency;
  • Memorandum of cooperation in the field of financing with insurance coverage of export credit agencies (ECA) between Development Bank of Kazakhstan JSC and Deutsche Bank AG. The Memorandum aims to attract financing with ECA insurance coverage for projects in the amount of 560 million US dollars;
  • Cooperation agreement between Development Bank of Kazakhstan JSC and KfW IPEX-Bank GmbH. The agreement provides for the implementation of mutually beneficial projects involving the financing of the export of goods and services of Germany and European customers of KfW IPEX-Bank GmbH, under the insurance coverage of Euler Hermes Aktiengesellschaft;
  • Memorandum of Understanding between the Development Bank of Kazakhstan JSC and Euler Hermes Aktiengesellschaft. The agreement provides for encouraging and facilitating the implementation of transactions in the field of export financing;
  • Memorandum of cooperation between the Development Bank of Kazakhstan JSC and Commerzbank AG. The agreement provides for financing with ECA insurance coverage;
  • Memorandum of Understanding between Kazakhstan Project Preparation Fund LLP, Westgasoil and Haldor Topsoe Germany GmbH. The agreement provides for the implementation of the project "Construction of a complex for the production of methanol and olefins in the Mangistau region."