18.09.2026

Baiterek and Silk Road Fund discussed creation of a joint investment fund

Rustam Karagoishin, Chairman of the Board of the National Investment Holding Baiterek, held a meeting with Li Hongcheng, Executive Vice President of the Silk Road Fund. The parties discussed the creation of the Kazakh-Chinese Direct Investment Fund and the prospects for financing projects in priority sectors of Kazakhstan's economy. The meeting was also attended by Timur Onzhanov and Zhandos Shaikhy, Deputy Chairmen of the Board of the Holding, Didar Karimsakov, Chairman of the Board of Qazaqstan Investment Corporation, and representatives of the Chinese fund.

The main focus was on further steps to form a joint fund. Earlier in Xiamen, Silk Road Fund, Qazaqstan Investment Corporation and Sturgeon Capital Kazakhstan signed a document on the basic conditions for its creation. The next stage involves the completion of the coordination of the structure and final investment documents, followed by the transition to the selection and structuring of the first transactions.

The target size of the fund is up to $200 million, with plans to raise $100 million at the first stage. The Fund is supposed to be established in the jurisdiction of the Astana International Financial Center. At least 70% of investments are planned to be directed to projects in Kazakhstan. Transport and logistics, infrastructure, energy, industry, agriculture and digital technologies are among the priority areas.

Rustam Karagoishin emphasized the importance of partnership in supporting domestic projects and developing industrial cooperation.

"We welcome the participation of Chinese companies at all stages of project implementation as equipment suppliers and technology partners. This format ensures the mutual interest of the parties in the successful implementation of projects and creates sustainable production chains between our countries," he said.

The head of the Holding also confirmed the readiness of Baiterek and QIC to assist in project support, including interaction with authorized government agencies and the passage of necessary approvals.

The creation of a joint fund is designed to expand the access of Kazakhstani enterprises to long-term capital. Cooperation with the Silk Road Fund will allow combining investment resources, technological capabilities of Chinese partners and local expertise for the development of production facilities and infrastructure in Kazakhstan.