Baiterek Holding’s Foreign Visits

In 2024, the Holding's leadership took part in 21 visits, 8 of which were conducted as part of visits by the Head of State, Prime Minister and other representatives of government bodies of the Republic of Kazakhstan to countries such as the Italian Republic, the State of Qatar, the Republic of Azerbaijan, the Republic of Singapore, the French Republic, the Federal Republic of Germany, and the People's Republic of China.

13 visits were organized to the Federal Republic of Germany, the United States of America, the State of Qatar, the French Republic, the Republic of Austria, Jordan, the Republic of Korea, the United Arab Emirates, Malaysia and the Russian Federation at the invitation of companies and event organizers.

Pic 1. Countries visited by Baiterek Holding

Agreements and Memoranda

In 2024, the Holding and its subsidiaries and affiliated organizations signed 52 agreements and memoranda aimed at establishing and developing cooperation in the implementation of infrastructure and industrial projects, supporting small and medium-sized businesses and developing non-primary exports, and developing the agro-industrial complex.

Bilateral International Meetings

As part of its international activities, the Holding held 145 meetings in 2024. 134 meetings were organized in face–to-face format (66 meetings abroad, 68 in Kazakhstan) and 11 meetings were organized online.

Meetings were held with partners from foreign financial institutions, banks and international companies. Most of the meetings were held with partners from the United States of America, the French Republic, the State of Qatar, the United Arab Emirates, the People's Republic of China and the Federal Republic of Germany.

Pic 2. Meetings held by the Holding by country

International Events

The Holding has participated in 40 international and investment events, 9 of them with the participation of the Head of State and the Prime Minister of the Republic of Kazakhstan. 38 events were held in face-to-face format, and 2 events were held online.

International Cooperation Agreements

Based on the results of meetings, visits and events held in 2024, the holding and its subsidiaries and affiliates concluded 15 contracts aimed at attracting investments in the amount of 993 million US dollars, 3 billion euros and 5 billion Chinese yuan:

1. A sub-loan agreement in the amount of USD 43 million under the General Agreement with the GBRK dated May 18, 2023, between the subsidiary of the Holding JSC Development Bank of Kazakhstan (hereinafter referred to as the Bank) and China Development Bank Corporation. The agreement was concluded to finance the investment project "Construction of the 1st stage, the 1st launch complex, as well as 4 ore-thermal furnaces of Qaraganda Power Silicon LLP". As of December 1, 2024, the balance of the principal debt is USD 16 million.

2. Agreement on the provision of a credit line in the amount of 1 billion Chinese yuan between the Bank and China Construction Bank Corporation. The credit line was attracted for the general corporate purposes of the Bank.

3. Agreement on strategic cooperation in the amount of 500 million USD between the Bank and "China Construction Bank Corporation" Astana Branch. The document provides for the provision of loans in the amount of 500 million US dollars for general corporate purposes and defines the possibility of cooperation in areas of mutual interest in a manner consistent and permitted by all applicable laws, regulations and policies that regulate the activities of both financial institutions.

4. A framework agreement worth 250 million US dollars and 2 billion Chinese yuan between the Bank and China Development Bank Corporation. The document provides for the provision of credit funds in the amount of 250 million US dollars and 2 billion Chinese yuan to finance the Bank's investment projects, including the construction and reconstruction of roads of national importance.

5. Agreement on opening a credit line with China Development Bank in the amount of up to 2 billion Chinese yuan between the Bank and China Development Bank Corporation. The Bank carried out measures to develop projects for the implementation of procedures for the development of the credit line until the end of 2024.

6. A letter of mandate in the amount of up to 200 million US dollars between The Bank and Deutsche Bank. Arrangements are being made to submit the issue of opening a credit line at Deutsche Bank for consideration by the authorized bodies of the Bank.

7. A framework agreement in the amount of 100 million euros between the Bank and «Landesbank Baden-Württemberg». The framework agreement regulates cooperation between the parties to finance projects with insurance coverage of export credit agencies. The Bank is working on a list of potential projects for financing in partnership with LBBW.

8. A framework agreement in the amount of 100 million euros between the Bank and KfW IPEX-Bank GmbH. The framework agreement regulates cooperation between the parties to finance infrastructure and industrial projects. The Bank is working on a list of potential projects for financing in partnership with KFW IPEX-Bank.

9. A loan agreement in the amount of 200 million euros between the Bank and Cassa Depositi e Prestiti under the insurance coverage of the export credit agency SACE. The Bank is taking measures to develop projects with Italian participation for the implementation of procedures for the development of a credit line in 2025.

10. Loan agreement in the amount of 200 million euros between the Bank and the European Investment Bank. The Bank is taking measures to develop projects for the implementation of procedures for the development of a credit line in 2025.

11. Memorandum of Understanding in the amount of up to 1 billion euros between the Holding and CLAAS Global Sales GmbH. The purpose of this memorandum is for subsidiaries and affiliated organizations to implement programs for financing and leasing agricultural machinery of domestic production. Consideration and financing of projects by a subsidiary and/or dependent organization of the Holding up to 1 billion euros, including the project of Grain Consortium of Kazakhstan LLP.

12. Memorandum of Understanding for up to 500 million euros between the Holding and KfW Development (Promotional loan). The purpose of this Agreement is to use the possibilities of various financial instruments of KfW Development in the amount of up to 500 million euros to finance priority projects of JSC NMH Baiterek in the period 2025-2028.

13. Memorandum of Understanding in the amount of 45 million euros between The holding company, HORSCH Maschinen GmbH and Grain Consortium of Kazakhstan LLP. The purpose of this Agreement is to create a basis for future cooperation between the Parties in the development of domestic agricultural machinery, aimed at updating the machine and tractor fleet and further developing the Consortium of the Republic of Kazakhstan through the production and supply of modern agricultural machinery.

14. Memorandum of Understanding in the amount of 144 million euros between The Holding Company, CLAAS Global Sales GmbH and Grain Consortium LLP Of Kazakhstan". The purpose of this Agreement is to create the basis for future cooperation between the Parties in the development of domestic agricultural machinery, aimed at updating the machine and tractor fleet and further developing the Consortium of the Republic of Kazakhstan through the production and supply of modern agricultural machinery.

15. Memorandum of Understanding in the amount of 700 million euros between The holding company and HORSCH Maschinen GmbH. The purpose of this Agreement is to create a basis for future cooperation between the Parties in the development of domestic agricultural machinery, aimed at updating the machine and tractor fleet and further developing the Consortium of the Republic of Kazakhstan through the production and supply of modern agricultural machinery.