11/06/2026
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In Berlin, Timur Onzhanov, Deputy Chairman of the Management Board of Baiterek Holding, presented German businesses with financing instruments for projects in Alatau, Kazakhstan's new city. He took part in the Alatau City investment roundtable as a member of the Kazakhstani delegation headed by Deputy Prime Minister Kanat Bozumbayev.
During the plenary session, Alisher Abdykadyrov, Head of the Alatau City Authority, presented the city's projects, while Dan Ringelstein, Director of Masterplanning and Urban Design at Arup, spoke about the development of its infrastructure. Timur Onzhanov explained which of the Holding's instruments are available to foreign partners. One example of cooperation with German banks involves equipment procurement. In September, the Industrial Development Fund, part of Baiterek Holding's group of companies, and German AKA Bank signed a EUR 30 million loan agreement to finance projects through leasing.
Opportunities for joint financing were discussed by Kanat Bozumbayev and Levin Holle, Advisor to the Federal Chancellor of Germany on International Economic Policy. The discussion focused on the investment and financial platform proposed by President of Kazakhstan Kassym-Jomart Tokayev. As the first projects for the platform, the Kazakhstani side proposed considering industrial enterprises and infrastructure in Alatau.
At a meeting with Olaf Joachim, State Secretary of the relevant German ministry, the delegation discussed industrialized housing construction and energy-efficient technologies. Economic cooperation between the two countries was discussed with Günter Krichbaum, Minister of State for Europe. Together with Wolfgang Niedermark, Member of the Executive Board of the Federation of German Industries (BDI), the parties explored opportunities for establishing German manufacturing facilities in Alatau.
A separate meeting with German businesses focused on production localization, energy and the establishment of service centres. Negotiations with German Water Partnership and System S&P addressed water supply and wastewater treatment, while discussions with Rolls-Royce Solutions and Railway Systems KZ focused on cooperation in mechanical engineering. With Sana Kliniken, the delegation discussed the establishment of a multidisciplinary medical centre. The Berlin programme also included meetings with Stefan Runhoff, representative of the German Federal Ministry for Economic Affairs and Energy, and Edgar Schumacher, Member of the Supervisory Board of D.A.R. Metall.
Following the Berlin leg of the visit, 11 agreements were signed. The potential value of the projects envisaged under these agreements is estimated at USD 325 million. The agreements cover industry, mechanical engineering, construction, medical infrastructure, urban security and unmanned technologies.
The business programme continued in Frankfurt am Main. At an investment roundtable held at AKA Bank's headquarters, Timur Onzhanov, Deputy Chairman of the Management Board of Baiterek Holding, presented German banks and companies with financing instruments for Alatau City projects. During a meeting with AKA Bank's management, the delegation discussed the possibility of opening a credit line that would enable companies in the city to purchase equipment and technologies from Germany.
During negotiations with KfW IPEX-Bank, the parties explored opportunities to finance supplies of German equipment for energy, water supply and transport facilities. Discussions with Deutsche Bank focused on attracting international banks to jointly finance large-scale infrastructure projects.
For reference:
German Water Partnership brings together companies operating in Germany's water sector. System S&P specializes in water treatment technologies. Rolls-Royce Solutions manufactures engines and power systems under the mtu brand, while Kazakhstan's Railway Systems KZ produces railway equipment. Sana Kliniken operates a network of clinics. D.A.R. Metall specializes in the processing of secondary metallurgical raw materials.
AKA Bank specializes in export financing, while KfW IPEX-Bank finances export and investment projects. Deutsche Bank provides banking services to corporate clients. Bilfinger provides engineering services to industrial enterprises, Herrenknecht manufactures tunnelling equipment, and DGWA advises companies in the raw materials sector on raising capital.
