Baiterek Holding has unveiled support instruments for domestic cable manufacturers.

Baiterek Holding hosted an international strategic session focused on the development of Kazakhstan’s cable industry and the expansion of domestic production of cable and wire products. The event was attended by Kazybek Shaikh, Chairman of the Holding’s Public Council; Ruslan Tyulegenov, Managing Director of the Holding; and representatives from relevant government authorities.

The session was organized by the Baiterek National Investment Holding, Technopark Alatau City LLP, and the Alatau City Authority.

Participants discussed the prospects for the cable industry, increasing the share of domestic products, and attracting investment for new manufacturing facilities. According to data presented during the session, domestic production currently accounts for 15–20% of the cable and wire market. Meanwhile, the ongoing development of infrastructure, the energy sector, digital networks, and transport logistics is driving additional demand for these products.

Kazybek Shaikh highlighted the importance of fostering domestic production and strengthening collaboration between the government, the business community, and development institutions.

“Developing the cable industry enables greater processing of domestic raw materials and the creation of high value-added products. To achieve this, it is essential to combine the efforts of the state, businesses, and development institutions, ensuring that promising initiatives receive the necessary support and evolve into concrete investment projects,” he emphasized.

The participants paid particular attention to the deep processing of copper and aluminum, the development of electrical-grade wire rod and specialized cable alloys, the modernization of industrial facilities, and the attraction of foreign investment. Discussions also covered the verification of local production content, product quality, and supply chain transparency.

Ruslan Tyulegenov, for his part, highlighted the importance of financial instruments for modernizing enterprises and launching new production facilities.

“For the development of the cable industry, it is essential to have access to long-term financing, to upgrade production capacities, and to create the right conditions for launching new manufacturing operations. The Baiterek Holding brings together various development institutions, whose instruments make it possible to support investment projects by taking into account both the needs of businesses and the potential of the domestic industrial sector,” he said.

Representatives from the Holding’s subsidiaries also presented various business support tools. The Development Bank of Kazakhstan, the Damu Entrepreneurship Development Fund, the Industrial Development Fund, and the Qazaqstan Investment Corporation outlined opportunities for project financing, leasing for the modernization of production facilities, the provision of guarantees for obligations, and participation in investment projects.

Following the session, the participants identified further steps for the development of the industry, including the establishment of a project office based at the Alatau City Technopark, the refinement of mechanisms for verifying the localization of products, and the development of initiatives to create joint ventures and research and development laboratories.