Baiterek Holding’s Foreign Visits

In 2023, Baiterek Holding's management participated in 19 international visits. Of these, 10 were conducted as part of official delegations led by the President, the Prime Minister, and other representatives of Kazakhstan’s government to countries including the United Arab Emirates, Qatar, the United States, China, Germany, and France.
The remaining 9 visits were held at the invitation of companies and event organizers. These visits included trips to Germany, Hungary, Austria, South Korea, the Netherlands, Italy, Russia, and Uzbekistan.

Pic 1. Countries visited by Baiterek Holding

Agreements and Memoranda

In 2023, the Holding and its subsidiaries signed 27 agreements and memoranda to foster cooperation in various areas, including infrastructure and industrial projects, support for small and medium-sized businesses, promotion of non-resource exports, and development of the agro-industrial complex.
Among these, the Holding signed 4 memoranda with Chinese companies, one with a Qatari company to finance agro-industrial projects, and another with the Eastern Committee of the German Economy (ECGE) to collaborate on financing joint projects.

Bilateral International Meetings

In 2023, the Holding conducted 106 meetings, of which 96 were held in person (34 abroad and 62 in Kazakhstan) and 10 were conducted online.
These meetings involved partners from foreign financial institutions, banks, and international companies. Most engagements were with partners from the United States, France, Qatar, the UAE, China, and Germany.

Pic 2. Meetings held by the Holding by country

International Events

The Holding participated in 26 international and investment events, including 9 attended by the President and the Prime Minister of Kazakhstan. Of these, 24 events were held in person, while 2 were conducted online.

International Cooperation Agreements

In 2023, the Holding and its subsidiaries finalized 3 agreements to attract investments totaling $800 million and €100 million:

1. General Loan Agreement with China Development Bank Corporation

A loan agreement for up to $300 million was signed between the Development Bank of Kazakhstan and China Development Bank Corporation to finance the DBK's investment projects. As of December 2023, preparations are underway for a sub-loan agreement to finance the construction of the first start-up complex and four ore-thermal furnaces at the Karaganda Complex Alloy Plant LLP.

2. Framework Agreement with Landesbank Baden-Württemberg (LBBW)

The Development Bank of Kazakhstan signed a framework agreement for $500 million to finance investment projects under the insurance coverage of export credit agencies. The German bank LBBW has expressed strong interest in collaborating with Kazakhstani banks. Several projects are currently under development, with potential financing from LBBW being explored for investment projects under export credit agency insurance coverage.

3. Framework Agreement with Landesbank Hessen-Thüringen Girozentrale (Helaba)

The Development Bank of Kazakhstan signed a framework agreement to finance an investment project under insurance coverage from the Euler Hermes export credit agency, with an amount of up to €100 million. The agreement will cover the construction of a sodium cyanide plant of Altynalmas Reagent LLP. The DBK is currently reviewing an indicative funding proposal submitted by Helaba.