ASTANA, Kazakhstan, November 19. The Government of Kazakhstan plans to allocate 1 trillion tenge (approximately $1.92 billion) to Baiterek Holding for the financing of 20 key economic projects from the national budget in 2026–2028, Deputy Prime Minister and Minister of National Economy, Serik Zhumangarin, said at a government meeting, Trend reports via the Kazakh government..
According to Zhumangarin, the role of Baiterek Holding in the implementation of proactive economic policies is set to be significantly enhanced. He highlighted that Baiterek has already been restructured into an investment holding company, marking a shift from its previous focus on mere distribution to more strategic investment initiatives.
Zhumangarin emphasized that the new focus will center on executing 15 to 20 systemically significant projects, which are expected to generate the highest multiplier effect for the national economy. Priority sectors for investment include mining and metallurgy, machinery manufacturing, energy, infrastructure, tourism, as well as the chemical and food industries.
He further noted that future funding efforts will prioritize the involvement of second-tier banks.
Baiterek Holding is closely linked to the Government of Kazakhstan, which is its sole shareholder and plays an active role in its management. Investors and partners of the holding can be assured that they are financing projects aligned with national priorities and policies.
The holding was established in 2013, with the goal of ensuring effective management of state-owned and trust-managed shares in national development institutions, national companies, and other entities in line with advanced corporate governance standards.
As of November 19, 2025, according to the official exchange rate provided by the National Bank of Kazakhstan, 1 USD equals 521.01 KZT.