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08/21/2025

Implementation of Presidential Instructions: Baiterek Strengthens Support for the Real Sector of the Economy

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21.08.2025

Implementation of Presidential Instructions: Baiterek Strengthens Support for the Real Sector of the Economy

Implementation of Presidential Instructions: Baiterek Strengthens Support for the Real Sector of the Economy

A meeting of the Board of Directors of ‘Baiterek’ National Managing Holding was held in the Government under the chairmanship of Prime Minister Olzhas Bektenov. The focus was on the implementation of the Head of State’s instructions to expand support for the real sector of the economy.

According to the Holding, in the first seven months of 2025, Baiterek provided support to entrepreneurs in the amount of more than 4 trillion tenge, which accounts for 50% of the annual plan of 8 trillion tenge. Of this amount, 1.95 trillion tenge was allocated for the development of SMEs, including 657.5 billion tenge for the agro-industrial complex; 1.64 trillion tenge for supporting large businesses that develop clusters of related small enterprises around them; and 414 billion tenge for exporters.

As part of the Holding’s activities, in the first quarter of 2025 the procurement volume amounted to 6.8 billion tenge, of which 5.7 billion tenge (84%) accounted for domestic producers. This ensured priority for national suppliers and supported the development of the domestic market.

Baiterek was also designated as the operator of the project to create the world-class ski resort Almaty Superski, which will become a new tourist attraction. The project will contribute to diversifying the country’s economy and enhance Kazakhstan’s competitiveness in the international tourism market.

The Board of Directors approved the Holding’s development indicators for 2025–2028. The document provides for revenue growth, the expansion of investment programs, and participation in new projects, including those related to tourism and infrastructure development. This will help diversify the economy and create additional opportunities for business.

The introduction of new corporate governance standards, greater transparency in procurement procedures, and measures to prevent corruption risks are strengthening the institutional sustainability of the Holding and improving the efficiency of the quasi-public sector system.

Based on the results of the Board of Directors meeting, the following were approved:

  • issuance of Eurobonds of up to $500 million for investment projects in industrialization, exports, and the introduction of new technologies;
  • a bond purchase transaction of up to $500 million to support the development of manufacturing, metallurgy, transport and energy infrastructure, as well as projects in the field of green technologies;
  • issuance of bonds worth 100 billion tenge for the development of the agro-industrial complex, of which 50 billion will be directed to concessional financing of domestic producers and 50 billion to updating the fleet of Kazakhstan-made agricultural machinery. This will create conditions for modernizing the sector, improving its efficiency, and ensuring the country’s food security;
  • a bond purchase transaction of up to 500 million Chinese yuan to attract long-term foreign currency funding and resources at competitive rates for financing industrial and infrastructure projects.

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