Holding "Baiterek" and of the Ministry of Foreign Affairs will intensify their cooperation in the field of investment attraction

11.03.2020

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Anuar Omarkhodzhaev, Deputy Chairman of the Board of "Baiterek" NMH" JSC, and Almas Aidarov, Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, discussed issues of attracting investments.

 

The meeting was also attended by the chairman of the board of NK "Kazakh Invest" JSC Baurzhan Sartbaev and the leaders of such subsidiary organizations of "Baiterek" holding that are involved in attracting investments in projects such as "Development Bank of Kazakhstan" JSC, "Kazyna Capital Management" JSC, "QazTech Ventures" JSC, "Kazakhstan Investment Fund" JSC, "Kazakhstan Project Preparation Fund" LLP.

 

Baiterek Holding is actively involved in attracting investments and selling financial instruments both in the domestic and foreign markets. To finance strategic projects and its own initiatives, the Holding began to more actively attract capital from external and internal markets, replacing state sources. From 2016 to 2019, the Holding attracted about 1.5 trillion tenge and 765 million USA dollars. In 2019, the share of market borrowings amounted to 62% compared to 42% in 2016. By 2023, this figure is planned to be brought up to 80%.

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In turn, Almas Aidarov made proposals to increase the effectiveness of interaction between government agencies and organizations on issues of attracting investments.

 

It should be noted that the "Baiterek" holding company actively interacts with state bodies and national companies in attracting investment in the framework of government initiatives. So, as part of the implementation of the National Investment Strategy, as well as the Roadmap for further attracting investments, information on potential Holding projects is sent to Kazakh Invest on a quarterly basis.

 

The parties also discussed the creation of a single electronic platform to attract investment.