30.11.2021

Baiterek Holding procures 2 trillion tenge worth of investments in non-resource sectors

Baiterek Holding procures 2 trillion tenge worth of investments in non-resource sectors

Baiterek Holding has procured 2 trillion tenge worth of investments in non-resource sectors of the economy. Adil Mukhamedzhanov, Deputy Chairman of the Management Board, announced this at the meeting of the Government of the Republic of Kazakhstan.

 – Baiterek Holding is a key governmental financial institution that implements state programs aimed at supporting non-resource sectors of the economy, such as the State Program for Industrial and Innovative Development, Business Roadmap, Ondiris, the Economy of Simple Things, the State Program for the Development of the Agro-Industrial Complex, and the National Export Strategy. This year, investments for 2 trillion tenge were directed to non-primary sectors of the economy through the Holding. Out of 2 trillion, 855 billion tenge were spent on providing support to the manufacturing sectors of the economy, – said Adil Mukhamedzhanov.

 The money was distributed through the Holding’s subsidiaries – the Development Bank of Kazakhstan, the Damu Entrepreneurship Development Fund, the KazakhExport ESC, the Agrarian Credit Corporation, and the Industrial Development Fund.

Until the end of this year, the Holding plans to distribute money to support the manufacturing industries. In the coming years, the Holding will continue to increase the support to the manufacturing sectors of the economy, – concluded the Deputy Chairman of the Management Board.

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