Prime Minister Olzhas Bektenov chaired a meeting of the Board of Directors of Baiterek National Management Holding JSC, during which key operational and future development issues of the Holding were reviewed.
In fulfillment of the Head of State's instructions, the Board of Directors approved an updated Development Plan for the Holding covering 2024–2033. The adjustments aim to strengthen Baiterek's role in implementing state investment policy, expand private capital attraction mechanisms, and formulate new approaches to investment project support.
The Holding's updated operational model defines three strategic directions: effective asset management, creating conditions for strong business growth, and improving the population's quality of life.
Large-scale financing for the real sector of the economy remains a key benchmark. The Holding plans to maintain annual financing for business support at 8 trillion tenge, supported by an annual capitalization of 1 trillion tenge from the state budget. Since the beginning of 2026, total financing provided by the Holding across all support instruments—including disbursement metrics for the housing sector—reached 6.9 trillion tenge, of which 5.1 trillion tenge went toward business support.
At the same time, the financial model provides for a gradual reduction in dependence on budget sources. Starting in 2029, budget funding will be progressively replaced by expanding market-based financing sources.
The updated Development Plan consolidates the Holding's role as a strategic investor and a key pillar of Kazakhstan's emerging investment ecosystem. Primary emphasis is placed on high-quality project preparation, attracting private investment, and broadening cooperation with second-tier banks when financing businesses.
The Holding's operations will be structured around a new investment cycle governed by the "order for investment" principle, which entails identifying and supporting projects aligned with sectoral priorities and economic needs. These measures are directed toward economic diversification and expanding support for the non-resource sector.
The Board of Directors also approved the Holding's 2025 Annual Report. For the first time, ESG metrics were presented on a consolidated basis across the Holding's entire group of companies.
Additionally, the Board approved the 2025 Sustainability Report, prepared in compliance with the Corporate Governance Code and the Holding's Sustainable Development Policy.
The decisions taken are aimed at strengthening the Holding's investment role, enhancing operational transparency, and refining corporate governance.
