01/23/2026
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Rustam Karagoishin, Chairman of the Management Board of Baiterek National Investment Holding, spoke at the XIII Congress of the Atameken National Chamber of Entrepreneurs of the Republic of Kazakhstan, where key issues related to the development of entrepreneurship, investment policy, and cooperation between the state and business were discussed.
The Congress was attended by representatives of the Government, Parliament, development institutions, law enforcement agencies, and the business community from all regions of the country.
In his speech, Rustam Karagoishin informed the participants about the transformation of Baiterek Holding into an investment holding and its role in implementing a proactive economic growth policy.
He noted that by the end of 2025, the total volume of financing across all areas of the Holding’s activities amounted to KZT 10.3 trillion, exceeding the planned target. Support measures covered large investment projects, small and medium-sized enterprises, the agro-industrial complex, exporters, and the housing sector.
Special attention in the report was paid to the development of instruments to support entrepreneurship. To address the issue of insufficient collateral, two guarantee funds were launched on the basis of the Damu Fund:
the first — for small and medium-sized business projects with a value of up to KZT 7 billion,
the second — for large projects in the manufacturing industry and infrastructure with a value exceeding KZT 7 billion.
By the end of 2025, these instruments demonstrated steady demand from businesses and positive performance dynamics.
In its new status as an investment holding, Baiterek will focus its activities on two key areas. The first is support for import substitution and the development of infrastructure projects, including through the “Investment Order” mechanism, which предусматривает the formation of a pool of priority initiatives jointly with akimats, sectoral ministries, and the business community. The second area is export promotion through the consolidation of entrepreneurs with export potential and the use of specialized financial instruments.
“The transformation of the Holding is aimed at increasing the efficiency of investment support and ensuring a closer alignment of financial instruments with the real needs of the economy. The Holding’s task is to ensure systematic project support and attract capital to priority sectors,” Rustam Karagoishin noted.
Baiterek National Investment Holding provides comprehensive support to businesses through the instruments of its subsidiaries, covering all stages of project implementation — from preparation and structuring to financing, guarantee support, insurance, and support of export deliveries. This approach makes it possible to take into account sector-specific features of projects and enhance their investment sustainability.
As part of cooperation between the Holding and the Atameken National Chamber of Entrepreneurs, akimats, and sectoral ministries under the “Investment Order” model, a pool of 1,500 investment projects with a total value of KZT 87 trillion has been formed, focused on priority areas of economic development. A significant share of the portfolio falls on the manufacturing industry, infrastructure, and the agro-industrial complex.
Following the Congress, participants confirmed their readiness to further deepen cooperation between the state, development institutions, and the business community, noting that synchronization of the investment instruments of Baiterek National Investment Holding and the expert potential of the Atameken National Chamber of Entrepreneurs will enhance the effectiveness of support for entrepreneurship and the implementation of investment projects in the regions.