Baiterek Holding held a Strategic Session for the Industrial Development Fund
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Baiterek Holding held a Strategic Session for the Industrial Development Fund

Baiterek Holding held a Strategic Session for the Industrial Development Fund

21.08.2024

Today, the National Managing Holding Baiterek JSC held a strategic session for the Industrial Development Fund JSC (IDF). The session featured a report on the Fund's key achievements and strategic development directions.


Since its establishment, the Fund has been actively supporting the industrial potential of Kazakhstan by providing financing for projects in the manufacturing sector, as well as for the renewal of vehicles and infrastructure.

Throughout its operations, the Fund has financed 82 projects in the manufacturing industry, amounting to USD 1.48 billion, including 32 projects in 2024 alone. The Fund continues to actively support domestic producers and is also engaged in projects related to waste recycling, municipal infrastructure, and emergency services.


In addition, the Industrial Development Fund is integrating ESG principles, having issued social bonds on the AIX in 2024 and planning future releases of sustainability reports and green bonds.


The IDF will continue to expand its support measures for domestic producers and enterprises, as well as develop leasing financing to facilitate the renewal of municipal equipment and emergency service vehicles.