ASTANA, Kazakhstan, May 8. The government of Kazakhstan, at a meeting of the headquarters for ensuring the country's economic growth, discussed the key economic indicators and investment projects of the country, Trend reports.
According to the information, 181 investment projects totaling 1.5 trillion tenge (approximately 2.85 billion) for this year have been formed by the Kazakhstan Industrial Development Fund (KIDF).
"The main sectors are infrastructure development (27 percent), metallurgy (21 percent), and chemical industry (13 percent). The gross value-added volume over the entire financing period for all KIDF projects is expected to reach 19.4 trillion tenge (approximately $36.86 billion). Investments in fixed capital will amount to 1.44 trillion tenge (approximately $2.74 billion) this year. Among the top investment projects of KIDF planned for financing in 2025 are the construction of a border railway crossing by Global Trans Company LLP and the construction of an electric steelmaking plant by Rail Way Steel LLP," the information notes.
Meanwhile, Qazaqstan Investment Corporation (QIC) plans to invest around 500 billion tenge (approximately $950 million) in 2025 in 10 investment projects, with an expected gross value-added (GVA) of 2.8 trillion tenge (approximately $5.32 billion) over the entire financing period.
"Investments in fixed capital will amount to 200 billion tenge (approximately $380 million) this year. The top five investment projects of QIC for this year include the development of the metallurgy cluster in the Karaganda region, the construction of soda ash production plants by AralSoda LLP and bitumen production plants by Batys Bitum LLP, and the combined cycle power plant by Aktau Energy Company LLP," the report notes.
Moreover, Kazakhstan's Damu Fund plans to increase subsidized lending for SMEs in 2025 to 750 billion tenge (approximately $1.43 billion) - almost three times more than in 2024. In the first quarter, 53 billion tenge (approximately $100 million) were already issued to 755 entrepreneurs. The loan guarantee volume has increased to 1.4 trillion tenge (approximately $2.66 billion), with guarantees of 160 billion tenge (approximately $304 million) already provided in Q1 of 2025.
To support Kazakhstan's agro-industrial complex, by May 6, 2025, the Agricultural Credit Corporation has financed applications from about 6,000 farmers for 363 billion tenge (approximately $688 million) under a subsidized program for financing spring field work, covering 5.8 million hectares of planted areas.
The Damu Fund is a state development institution in Kazakhstan, created to support and develop small and medium-sized enterprises (SMEs). It was founded in 1997 and is a joint-stock company, 100 percent of whose shares are owned by the National Managing Holding "Baiterek".
