04/29/2026
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On April 20, New York City hosted Kazakhstan Finance Day at Citigroup’s headquarters, bringing together the international investment community, financial institutions, and government agencies to discuss the prospects of Kazakhstan’s economy and the expansion of investment cooperation.
Zhandos Shaikhy, Deputy Chairman of the Management Board of National Investment Holding Baiterek JSC, spoke during the main panel session, "Investment Opportunities in Kazakhstan." The session was moderated by Stefané von Friedeburg, Citigroup’s Global Head of the Public Sector Group. Other speakers included Timur Suleimenov, Governor of the National Bank of Kazakhstan; Aidar Ryskulov, Managing Director for Economics and Finance at Samruk-Kazyna JSC; Adil Mukhamedzhanov, CEO of the Kazakhstan Stock Exchange (KASE); and representatives from state and infrastructure development institutions.
Participants discussed Kazakhstan's macroeconomic stability, the development of capital markets—including digital assets—as well as the implementation of major investment projects and the country’s emergence as a regional financial and investment hub.
In his speech, Zhandos Shaikhy presented Baiterek Holding as a key institutional platform for attracting investment and implementing priority projects in Kazakhstan. He noted that the Holding serves as a "single window" for investors, aligning state priorities with financial instruments and project expertise.
"Baiterek Holding acts as a bridge between the state and the private sector, providing project structuring, fundraising, and investment risk mitigation. This allows us to form a sustainable pool of investment opportunities and ensure their high-quality execution," he noted.
During the presentation, it was emphasized that the Holding maintains a robust financial position and a high level of investor confidence. Baiterek’s credit ratings are in line with the sovereign level, and group assets exceed USD 36 billion, confirming its role as a key driver of the country's economic growth.
Special attention was given to the Holding’s investment portfolio, which includes 28 national projects with a total value of approximately USD 32 billion. These projects focus on export-oriented industries, deep processing of raw materials, petrochemicals, metallurgy, the agro-industrial complex, and infrastructure.
The transformation of Kazakhstan's economic model—shifting from a resource-based focus to the creation of high-value-added products—was also highlighted. Priorities include the development of the chemical industry, fertilizer production, the creation of new industrial clusters, and the formation of logistical and digital infrastructure, including the Data Center Valley projects and the development of Eurasian transport corridors.
Zhandos Shaikhy emphasized that the Holding does not merely finance projects but builds an ecosystem for sustainable economic growth, providing comprehensive support from the early stages of development to the entry of projects into international capital markets.
The event also served as a platform for direct dialogue with investors; the panel session was followed by bilateral meetings aimed at developing partnerships and detailing specific investment initiatives.
Kazakhstan Finance Day reaffirmed the international financial community’s strong interest in Kazakhstan as a promising investment destination and strengthened the country’s position as a reliable partner in global capital markets.
