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How Baiterek Holding works with the Government

Baiterek Holding maintains a close relationship with the Government of the Republic of Kazakhstan, which is its Sole Shareholder and participates in the governance of the Holding.

The Holding’s investors and partners can be confident that they are financing projects aligned with national priorities and public policy.

Information about Baiterek Holding

‘Baiterek’ National Investment Holding JSC (hereinafter – Baiterek Holding, the Holding) was established by the Decree of the President of the Republic of Kazakhstan dated May 22, 2013 No. 571 “On certain measures to optimize the management system of development institutions, financial organizations and the development of the national economy.” The purpose of its creation was to ensure the effective management of equity stakes (shares of participation) in national development institutions, national companies, and other legal entities owned by the state or transferred to the Holding under trust management, in accordance with best practices in corporate governance.

Baiterek Holding is an integrated development institution that includes 7 subsidiaries: Development Bank of Kazakhstan JSC Otbasy Bank JSC Damu Entrepreneurship Development Fund JSC Kazakhstan Housing Company JSC Export Insurance Company KazakhExport JSC Qazaqstan Investment Corporation JSC Agrarian Credit Corporation JSC.

The mission of Baiterek Holding is to promote the sustainable growth of the economy of the Republic of Kazakhstan through the support of domestic production of goods and services, infrastructure modernization, and strengthening of food security, based on principles of social responsibility.

Strategic directions of the activities:

Support for entrepreneurship;
Development of the equity financing ecosystem;
Provision of housing for the population.

Baiterek Holding is a key operator in the implementation of the following strategic documents of the Government of the Republic of Kazakhstan:

The Concept for the Development of the Manufacturing Industry of the Republic of Kazakhstan for 2023–2029;

The Concept for the Development of Small and Medium-Sized Enterprises in the Republic of Kazakhstan until 2030;

The Concept for the Development of Housing and Public Utilities Infrastructure for 2023–2029;

The Concept for the Development of the Agro-Industrial Complex of the Republic of Kazakhstan for 2021–2030;

The National Project “Modernization of the Energy and Utilities Sectors.”