Baiterek to allocate billions of dollars for Kazakhstan’s industrial sector

According to the Ministry of Economy of Kazakhstan, the government will allocate 8 trillion tenge (around $15.7 billion) for the development of the real economy. These funds will be used to launch and develop new enterprises in the mining and chemical industries, with the state-owned Baiterek National Managing Holding JSC designated as the operator of the project.

The bulk of the investment will be provided through the Development Bank of Kazakhstan (DBK), which is part of the Baiterek holding. In 2025, DBK plans to approve transport projects worth 500 billion tenge ($982 million). These funds will be used to finance the second stage of the reconstruction of 3,000 kilometers of roads throughout the country.

DBK will also allocate 420 billion tenge ($825 million) to the country’s mining and metallurgical complex. Projects in this sector include the construction of a ferrosilicon plant in Ekibastuz with a capacity of 80,000 tons per year. Once fully operational, the plant will focus on exporting the ferroalloys it produces. DBK is also investing in the creation of new capacity for the production of hot briquetted iron, with a capacity of 2 million tons per year. Another major project in the industry is a hydrometallurgical plant that will use autoclave oxidation technology. It is designed to process ores from the Kyzyl and Varvarinskoye deposits.

An additional 262 billion tenge ($514.7 million) will be allocated by the bank next year for the development of the chemical industry. Among the largest projects in this area is the construction of a sodium cyanide plant in the Zhambyl region. The new facility is expected to have a production capacity of 25,000 tons per year, meeting the demand of gold producers for this reagent. In addition, a large complex for the production of mineral fertilizers with a capacity of more than 1 million tons per year will be established in the region. The company’s products are planned to be exported to the United States, China, Turkey, the European Union and Brazil.

In the West Kazakhstan region, a plant for the production of potassium salts is planned with financial support from DBK. In the Turkestan region, a sulfuric acid plant with a capacity of 800,000 tons per year is already under construction to become a strategic supplier for the country’s uranium industry, which uses the acid for in-situ leaching. In addition, the first enterprise in the country for the production of polyvinyl chloride and caustic soda will also be launched in the region. Its products will cover domestic demand and be sold to Eurasian Economic Union member states, China and the EU. The total contribution to the country’s economy from all DBK-planned projects is expected to amount to 37.8 trillion tenge ($74.2 billion).

Baiterek Holding is controlled by the Committee of State Property and Privatization of the Ministry of Finance and operates seven subsidiaries: the Development Bank of Kazakhstan, Otbasy Bank, Damu, Kazakhstan Housing Company, KazakhExport, Qazaqstan Investment Corporation and Agrarian Credit Corporation.