MNE: Investments in the Real Sector Gaining Momentum

Financing of the real sector of the economy is carried out through “Baiterek” National Managing Holding JSC. A total of 8 trillion tenge has been allocated for this purpose, aimed at implementing priority industrial and infrastructure projects focused on sustainable economic growth.

The bulk of investment initiatives is concentrated in the Development Bank of Kazakhstan (DBK), a subsidiary of the holding. According to the results for the first four months of 2025, Kazakhstan’s gross domestic product grew by 6%. The transport sector showed the highest growth — 22.4%. As part of transport infrastructure development, in 2024, DBK began financing the first phase of repairs for 5,000 kilometers of highways. To date, work has been completed on a 1,200-kilometer section. In 2025, DBK plans to approve road infrastructure projects totaling approximately 500 billion tenge. Notably, the second large-scale reconstruction phase for 3,000 kilometers of highways is underway, improving transport accessibility for more than 7 million regional residents. Project implementation is expected to create approximately 28,000 jobs during construction and operation. At the same time, international transport routes are being strengthened, supporting the expansion of foreign trade and increasing Kazakhstan’s logistics potential.

In the mining and metallurgical sector, which recorded a 7.1% increase in its production index, DBK’s financing will amount to 420 billion tenge. A key project is the construction of a ferrosilicon plant in Ekibastuz. This highly automated facility will have a design capacity of 80,000 tons per year. The plant’s output will be export-oriented, helping Kazakhstan strengthen its position among the world’s leading ferroalloy suppliers. It will anchor a broader industrial cluster, including a steelworks and a direct reduced iron facility, creating over 520 permanent jobs and several dozen subcontracting companies.

DBK also plans to finance a project to establish new facilities for producing 2 million tons of hot-briquetted iron annually. The project will improve raw material processing depth, product quality, technological capacity, and export potential. It will also create around 1,000 jobs and significantly contribute to the growth of the metallurgical industry and the national economy.

Another major project is the construction of a hydrometallurgical plant in the Pavlodar region using autoclave oxidation technology. This will allow for deep processing of ore concentrates extracted from the Kyzyl and Varvarinskoye deposits in accordance with international standards.

The chemical industry is growing at an accelerated pace, with an 11.2% increase in its production index. In 2025, planned financing will amount to 262 billion tenge. One of the key projects is the construction of a sodium cyanide plant in the Zhambyl region with an annual capacity of 25,000 tons. This strategically important reagent for gold mining will fully meet domestic demand, reduce import dependence, and create export potential for Central Asian markets. Up to 200 jobs will be created during the implementation phase, and around 100 during operations.

Also in the Zhambyl region, one of the largest chemical complexes in the region will be built, producing mineral fertilizers and industrial chemicals with a total capacity exceeding 1 million tons per year. Its products will be exported to the United States, China, Turkey, the EU, and Brazil. The project will provide jobs for over 1,200 workers.

In the West Kazakhstan region, a potash production complex will be established. In addition to creating over 1,000 jobs, the project will have a multiplier effect — supporting the construction of schools, hospitals, housing, and road infrastructure in the region.

In the Turkistan region, an 800,000-ton-per-year sulfuric acid plant is under construction. It will become a strategic supplier to the country’s uranium industry. Tax revenues from this plant are expected to reach 12 billion tenge annually. A unique project is also underway in the region — the production of polyvinyl chloride (PVC) and caustic soda. This will be Kazakhstan’s first PVC manufacturing facility, with a capacity of 120,000 tons per year. It will fully meet domestic demand and open export channels to the EAEU, China, and the EU. Total employment will exceed 1,300 people. Projected annual revenue is about 76.8 billion tenge, with tax payments reaching 3.7 billion tenge.

A project of particular importance is the production of soda ash in the Zhambyl region — the first such facility in Kazakhstan, with a capacity of 500,000 tons per year. It will meet the needs of the glass, metallurgical, and petrochemical industries. The project will eliminate import dependence, create 355 jobs, and form a technological base for further industry growth.

The Development Bank of Kazakhstan’s 2025 investment plans lay a solid foundation for economic growth through the expansion of transport links and the creation of new export-oriented industries with high added value. These projects meet the standards of maximum automation and best available technologies. The total estimated gross value added over the implementation period of these projects is 37.8 trillion tenge, including 13.5 trillion tenge from projects starting in 2025. The overall expected impact includes the development of the transport sector, modernization of production assets through automation and digitalization, job creation, the launch of new raw material processing chains, reduced import dependence, and increased regional budget revenues from taxes.

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