The Baiterek holding has invited Danish businesses to participate in joint projects in Kazakhstan and Central Asia.

Saken Olzhabayev, Managing Director of the "Baiterek" National Investment Holding JSC, participated in the Kazakhstan-Denmark Business Forum held in the city of Konayev. In his address, he presented the Holding’s instruments for supporting businesses and investment projects, shared experience in financing large-scale ventures, and proposed four key areas for cooperation to the Danish companies in attendance.

The forum was attended by the Minister for Foreign Affairs of the Kingdom of Denmark, Lars Løkke Rasmussen; the Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, Ardak Zebeshev; the Akim (Governor) of the Almaty Region, Chingis Arinov; the Vice Minister of Agriculture of the Republic of Kazakhstan, Nazgul Khatepova; as well as representatives from Danish companies—including Carlsberg, FLSmidth, Maersk, Novo, Grundfos, Scan Global Logistics, DanBred, and Byteall Energy—and the Export and Investment Fund of Denmark (EIFO). During the event, a Memorandum of Cooperation was signed between "KAZAKH INVEST" National Company JSC and the Confederation of Danish Industry (DI).

"Given the significant role of the Kingdom of Denmark in the European economy and its leading position in renewable energy, shipping, the agro-industrial sector, and pharmaceuticals, we invite our Danish partners to deepen our collaboration on joint projects. We are prepared to serve as reliable, long-term partners for Danish companies—not only in Kazakhstan but throughout the entire Central Asian region," noted Saken Olzhabayev.

The proposed areas for cooperation are built upon the core strengths of the Danish economy. For instance, wind energy technologies could be applied to renewable energy projects with the involvement of the Development Bank of Kazakhstan and the Qazaqstan Investment Corporation.

Denmark’s expertise in agricultural processing, genetics, and food safety is highly relevant to the agro-industrial sector, where the Agrarian Credit Corporation and KazAgroFinance could serve as potential partners. Solutions for water treatment and efficient heating networks are proposed for implementation within urban infrastructure, in collaboration with the Development Bank of Kazakhstan and the Kazakhstan Housing Company. In the areas of export financing and joint investments, the Export Credit Agency of Kazakhstan and the Qazaqstan Investment Corporation could act as partners for Danish funds.

The Holding has invited Danish businesses to establish joint production facilities and participate in infrastructure, industrial, and export-oriented projects. Seven instruments are available to support this, covering the entire financing cycle: lending, leasing, direct equity investments, export insurance, and export financing are provided directly by the Holding’s subsidiaries, while guarantees, subsidies, and conditional fund placements are facilitated through second-tier banks and socio-entrepreneurial corporations.

In 2025, $21.6 billion USD was channeled into the economy of Kazakhstan through the Holding’s instruments. This included the financing of 104 large-scale projects, support for 27,400 small and medium-sized enterprises and 6,500 agricultural producers, and the expansion of 131 companies into foreign markets. The Holding’s total assets reached $40 billion USD, with a credit and investment portfolio of $30 billion USD and a net profit of $844 million USD.

The Holding’s credit ratings are "Baa1" from Moody’s and "BBB" from Fitch Ratings, both with a "stable" outlook; its ESG rating from Sustainable Fitch is "Level 2."

The Holding already has experience working with Danish partners. The Development Bank of Kazakhstan secured a $120 million loan from JPMorgan Chase Bank, backed by the Danish export credit agency EKF (now EIFO). These funds were allocated for the development of the Aktogay copper deposit in the Abai Region, a project implemented by KAZ Minerals.

The Development Bank of Kazakhstan is currently considering financing an investment project for the "construction of a facility for the deep processing of chicken eggs, with a capacity of 1 million eggs per day." The applicant is "Kaz eggs" LLP, and the supplier of the technological equipment is the Danish company Sanovo Technology A/S.

The Holding is open to a strategic dialogue with Danish partners and to building a mutually beneficial cooperation based on trust, technological partnership, and sustainable development.