Implementation of the President’s Instructions: “Baiterek” Strengthens Support for the Real Sector of the Economy

A Government session chaired by Prime Minister Olzhas Bektenov hosted a meeting of the Board of Directors of JSC “National Managing Holding ‘Baiterek’.” 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 represents 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 a network of related small enterprises, and 414 billion tenge was allocated to exporters.

As part of the Holding’s activities, in the first quarter of 2025, the volume of procurement amounted to 6.8 billion tenge, of which 5.7 billion tenge (84%) went to domestic producers. This made it possible to prioritize national suppliers and support the development of the domestic market.

“Baiterek” Holding has also been designated as the operator of the Almaty Superski project — a world-class ski resort that will create a new tourist attraction. The project will contribute to the diversification of the country’s economy and increase Kazakhstan’s competitiveness in the international tourism market.

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

The introduction of new corporate governance standards, increased transparency of procurement procedures, and anti-corruption measures contribute to strengthening the institutional stability of the Holding and improving the efficiency of the quasi-public sector system.

Following the meeting of the Board of Directors, the following decisions were approved:

• for investment projects in the fields of industrialization, exports, and the introduction of new technologies — issuance of Eurobonds worth up to $500 million;
• for the development of manufacturing, metallurgy, transport, and energy infrastructure, as well as for projects in the field of “green” technologies — a bond purchase deal worth up to $500 million;
• for the development of the agro-industrial complex — issuance of bonds worth 100 billion tenge, of which 50 billion will go to concessional financing of domestic producers and 50 billion for the renewal of the fleet of domestically produced agricultural machinery. This will create conditions for the modernization of the sector, improving its efficiency and ensuring the country’s food security;
• for attracting long-term foreign currency funding and resources at attractive rates to finance industrial and infrastructure projects — a bond purchase deal worth up to 500 million Chinese yuan.