Baiterek National Investment Holding Presents Measures for Economic Diversification at Government Meeting

Today, the Government of the Republic of Kazakhstan discussed measures for further economic diversification. The meeting was attended by Deputy Prime Minister – Minister of National Economy Serik Zhumanгарin, Minister of Industry and Construction Ersaiyn Nagaspayev, Minister of Agriculture Aidarbek Saparov, Vice Minister of Energy Kayyrkhan Tutkysbayev, as well as Chairman of the Board of Baiterek National Investment Holding Rustam Karagoyshin.

The head of Baiterek National Investment Holding reported on the results of the Holding’s activities in 2025 and plans for 2026 in the context of economic diversification.

In 2025, the Holding’s total financing across all areas amounted to KZT 10.4 trillion. This enabled the funding of 77 large-scale investment projects, support for 27.4 thousand SMEs, provision of housing to 77.5 thousand families, leasing of 11.4 thousand units of agricultural machinery, and support for 131 Kazakhstani exporters.

In 2026, the Holding plans to increase financing for the real sector of the economy to KZT 8 trillion, with an expected capitalization of KZT 1 trillion.

Rustam Karagoyshin noted that, as part of the transformation into a National Investment Holding, an Investment Service was established on January 30 of this year, including four sectoral investment directorates headed by managing directors. Key performance indicators for their activities include the volume of investments attracted into the economy and the implementation of 15–20 country-level projects.

Investment activities will be carried out in key sectors: agriculture and agribusiness, food industry, construction and production of building materials, mining and metallurgical complex, machine-building, energy, chemical industry, infrastructure, logistics, transport, tourism, and others.

All financial operators within the Baiterek group of companies are focused on specific sectors. The Industrial Development Fund will refocus on projects valued at KZT 7 billion and above and will be transformed into a full-fledged development institution for the machine-building sector. The Damu Fund will provide indirect support to SMEs by engaging liquidity from second-tier banks. The Agrarian Credit Corporation and KazAgroFinance will allocate KZT 1 trillion to support agribusiness projects, including deep processing and the food industry. The Development Bank of Kazakhstan will allocate KZT 2 trillion to promote non-commodity exports, and the Export Credit Agency of Kazakhstan will support exporters with KZT 600 billion. Qazaqstan Investment Corporation will provide support through equity financing.

In coordination with the National Bank and other relevant state bodies, an agreement has been reached to gradually transfer projects valued up to KZT 7 billion to second-tier banks.

Currently, the Holding has formed a 2026 pipeline consisting of 449 fully developed investment projects, with total financing of KZT 3.4 trillion. Together with sectoral ministries and local executive bodies (akimats), work has been carried out to structure these projects. The Holding analyzed 1,500 projects in terms of cost, export orientation, and presence of processing.

Following the Government meeting, a briefing was held for media representatives, during which Rustam Karagoyshin emphasized that the Holding’s key task is to create a sustainable investment ecosystem, ensuring high-quality project selection, professional structuring of financing, and attracting investors to priority sectors of the economy.

“Today, we are moving from targeted financing to a systematic approach for generating investment flows. Our goal is to ensure capital inflow into enterprises’ fixed assets, modernization of production, and implementation of projects with high capacity utilization potential,” noted the head of Baiterek National Investment Holding.

The Holding will continue its work in its new status as a National Investment Holding, contributing to sustainable economic growth and the development of priority sectors of the country’s economy.