07/16/2026
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On July 15, Zhandos Shaikhy, Deputy Chairman of the Board of Baiterek National Investment Holding JSC, held a meeting with representatives of the Chinese corporation Sinomach and China International Engineering Consulting Corporation (CIECC).
The meeting was also attended by Carol Zhang, Chief Investment Officer of Alatau City Authority, and Saken Olzhabayev and Niyaz Koshkimbayev, Managing Directors of the Holding.
The Chinese side presented an investment project to create a grain and fat and oil industrial park in Kazakhstan with an estimated value of 240-280 million US dollars. The project provides for the construction of facilities for the storage and deep processing of grain and oilseeds in North Kazakhstan, Kostanay or Akmola regions , followed by the construction of a grain storage and distribution center in Alatau
It is planned to create production facilities for the production of up to 500 thousand tons of feed wheat flour, 300 thousand tons of wheat flour and 200 thousand tons of vegetable oil per year. The preliminary project implementation period is 12-24 months.
The project is being worked out jointly with the Alatau City Authority and may become one of the first major investment projects implemented in the city of Alatau after the signing in June 2026 in Shenzhen of a Memorandum of Understanding on the joint promotion of an agro-industrial project in the Republic of Kazakhstan.
During the meeting, the parties discussed possible mechanisms for structuring and financing the project, including the participation of Development Bank of Kazakhstan JSC, the use of project financing tools, the provision of guarantees and other financial solutions implemented by the Holding.
"Deep processing of agricultural products is one of the key areas of development of the agro-industrial complex of Kazakhstan. The implementation of such projects allows not only to increase the added value of domestic products, but also to strengthen the country's export potential. Baiterek Holding is ready to consider the possibility of its subsidiaries participating in the structuring and financing of the project using available financial instruments," said Zhandos Shaikhy.
Following the meeting, the parties agreed to identify contact persons to coordinate further work and continue working together on the parameters of the project, as well as possible financing mechanisms.
Background information
Sinomach (China National Machinery Industry Corporation) is a state—owned corporation of the People's Republic of China specializing in mechanical engineering, industrial research and engineering. The company employs more than 120,000 employees, the network includes over 350 foreign representative offices in more than 100 countries around the world, as well as 270 foreign EPC projects being implemented simultaneously.
China International Engineering Consulting Corporation (CIECC) founded in 1982, it is the largest engineering consulting organization in China. The company provides comprehensive support for investment projects, from the preparation of a feasibility study and expert assessment to construction supervision and commissioning of facilities.
