Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held a meeting with Chairman of the Management Board of the Eurasian Development Bank (EDB) Nikolai Podguzov, El.kz reports citing primeminister.kz.
The parties discussed the implementation of projects in priority sectors of the economy and prospects for further expansion of investment cooperation.
During the meeting, the Prime Minister was informed about ongoing efforts to complete the current strategic period of the EDB and the implementation of projects in Kazakhstan. The Bank’s cumulative portfolio includes 326 projects with total investments amounting to $19.6 billion. Between 2022 and 2026 alone, the EDB invested nearly $9 billion in the economies of its member states, of which $5.2 billion in investment commitments were allocated to Kazakhstan — comparable to the Bank’s total investments in the country over the previous 15 years. Over the past four years, annual investments in Kazakhstan’s economy exceeded $1 billion, reaching $1.5 billion in 2025. Kazakhstan’s share in the EDB’s current investment portfolio stands at 64.9%. Investments are distributed across key sectors: approximately $2.1 billion in industry, $1 billion in energy, $1 billion in transport infrastructure, and $1 billion in the financial sector.
Among the flagship projects are financing for the construction of the Silleno gas processing plant, the KPI gas chemical complex in Atyrau Region, modernization of mining and metallurgical enterprises, and reconstruction of combined heat and power plants in Karaganda, Almaty, Aktobe, and other cities. The Bank actively supports both traditional and renewable energy development. In particular, approximately every eighth kilowatt generated in Kazakhstan has been produced with EDB participation, including projects in Karaganda, Turkistan, Akmola, and other regions. In the transport sector, projects financed include the supply of locomotives and freight cars for Kazakhstan Temir Zholy and the reconstruction of highways. Through the Digital Initiatives Fund and technical assistance mechanisms, the Bank supports projects in artificial intelligence and digital platform development.
In the current year, the EDB will continue financing major projects, including in manufacturing and mining. In particular, modernization of the Ust-Kamenogorsk combined heat and power plant will continue, improving the reliability of heat supply and reducing equipment wear. Construction of two solar power plants in Turkistan and Kyzylorda regions is planned, adding new generating capacity. Investments are also planned in the telecommunications sector to expand communications infrastructure and digital coverage. In industry, projects aimed at increasing production and creating new jobs are planned.
The Chairman of the EDB Management Board reaffirmed the Bank’s readiness to comprehensively support the country’s economic development and improve citizens’ quality of life. Nikolai Podguzov noted that the Constitutional reform underway in Kazakhstan will also contribute to further improvement of the investment climate.
The Prime Minister emphasized the importance of investing in basic infrastructure, in line with current state priorities. The digital agenda was also identified as a key area of further cooperation, as it is actively advancing both in Kazakhstan and in other countries, offering significant potential for joint initiatives.
Following the meeting, the importance of further strengthening constructive partnership and expanding investment cooperation in the interests of sustainable economic development of Kazakhstan was highlighted.