Kazakhstan’s national investment holding Baiterek plans to commit at least $2.5 billion to mining and metallurgical sector projects in 2026, maintaining the pace of investment it achieved in 2025 as it doubles down on financing domestic processing and production capacity.
Managing director Aydin Akan made the announcement on the sidelines of the MINEX Kazakhstan 2026 forum in Astana on Thursday. “The dynamics are very good — we are growing twofold on an annual basis. This year, I think, will be similar — no less than $2.5 billion will be financed in 2026 for mining and metallurgical projects,” he said.
Akan confirmed that the holding’s mining and metals financing in 2025 also reached approximately $2.5 billion, out of a total investment volume of $20 billion deployed across the Kazakhstani economy. He emphasised that the actual figure for 2026 will depend on the availability of projects ready for implementation in the processing and manufacturing space.
Baiterek’s mandate is explicitly focused on the downstream end of the value chain. “We do not finance exploration or extraction — we finance specifically the creation of added value from raw materials,” Akan said, pointing to processing plant construction and production capacity development as the core targets for the holding’s capital. The approach directly supports Kazakhstan’s broader strategic shift away from raw material exports toward a domestic value-added industrial model.
Baiterek is an integrated development institution ultimately owned by the Kazakhstani government, with a mandate spanning entrepreneurship support, agro-industrial development and housing provision alongside its industrial financing role.
