Foreign Experts Are Sharing Best Practices in Affordable Housing Construction

“Baiterek” National Managing Holding” JSC is holding a session dedicated to discussion of the role of the Government in the establishment of the modern affordable housing ecosystem within XII Astana Economic Forum.

Nurly Zher State Program is being implemented in Kazakhstan on behalf of the First President, Yelbasy, Nursultan Nazarbayev, within which Baiterek Holding stimulates supply and demand in the housing construction market through its subsidiaries. It is necessary to continue developing systemic measures for the increase of housing affordability for the population and to achieve a housing provision rate of 30 square meters per resident by 2030. At the same time, experience of the countries such as Singapore and South Korea is remarkable, where the single state operator comprehensively implements mass housing construction with all the necessary amenities for the population.

The session will involve participation of the First Vice-Minister of Industry and Infrastructural Development of the Republic of Kazakhstan, Kairbek Uskenbayev, Deputy Chairman of the Board of “Baiterek” NMH” JSC, Anuar Omarkhojayev, Chairman of the Board of “Zhilstroisberbank of Kazakhstan” JSC, Lyazzat Ibragimova, Director for the Construction Industry Digitalization at BelnTech LLP, Askhat Turgynbekuly, as well as the foreign experts such as the leading consultant of Singapore Cooperation Enterprise, Yap Chin Beng, and the Chairman of the Board of Korea Housing & Urban Guarantee Corporation, Lee Chae Kwang.

The session will discuss the issues such as the role of the Government in establishing the modern affordable housing ecosystem for the population, urban planning solutions using modern technologies and digitization of the construction industry, as well as transformation of the housing unit of “Baiterek” NMH” JSC into a single housing construction operator taking into account the best foreign practices.

Date and Time: May 17, 2019, 9.00 am.

Venue: Hilton Astana Hotel, Hilton Astana Hall (second floor).

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“Baiterek” National Managing Holding” JSC was established in accordance with the Decree of the President of the Republic of Kazakhstan dated May 22, 2013. The key institution of the Government of the Republic of Kazakhstan that complies with the advanced standards of corporate governance and ensures the implementation of the objectives for the sustainable development of the economy of Kazakhstan through its diversification, support for innovation, export development, increase in labor productivity. The Holding includes: Development Bank of Kazakhstan JSC, Investment Fund of Kazakhstan JSC, Zhilstroisberbank of Kazakhstan (HCSBK) JSC, Kazakhstan Mortgage Company MO JSC, KazakhExport EIC JSC, Damu EDF JSC, QazTech Ventures JSC, Housing Construction Guarantee Fund JSC, Kazyna Capital Management JSC, Baiterek Development JSC, Kazakhstan Project Preparation Fund LLP.