On October 29, 2025, the Industrial Development Fund JSC held a strategic session dedicated to summarizing interim results and defining future priority areas of the financial institution’s activities. The session focused on further comprehensive support for the country’s manufacturing and infrastructure sectors, increasing production localization, expanding the range of domestic products, and developing the transport and logistics cluster.
The event was attended by Rustam Karagoyshin, Chairman of the Management Board of the National Managing Holding “Baiterek” JSC; Marat Yelibayev, Chairman of the Management Board of the Development Bank of Kazakhstan JSC; Rinat Gapparov, Chairman of the Management Board of the Industrial Development Fund JSC; as well as members of the Management Boards of the Holding, the Development Bank of Kazakhstan, and the Industrial Development Fund, along with members of their Boards of Directors.
Rinat Gapparov, Chairman of the Management Board of the Industrial Development Fund JSC, provided detailed information on the Fund’s performance indicators, demonstrating consistent annual growth, and elaborated on further measures aimed at strengthening support for domestic enterprises and manufacturers within the framework of existing financial mechanisms and programs.
To date, the increase in the Fund’s financial and economic indicators has shown a systemic nature, reflecting a well-balanced corporate policy. Over nearly a decade, since 2016, the Fund’s assets have grown 24-fold — from 125 billion to 3 trillion tenge; the project portfolio has expanded 28-fold — from 87 billion to 2.5 trillion tenge; and net profit has risen from 365 million to 45.7 billion tenge.
During the strategic session, participants highlighted the Industrial Development Fund’s significant achievements, the effectiveness of its financial policy, and growth across all key performance areas. They also put forward proposals for further improvement of the Fund’s operations.
In conclusion, Rinat Gapparov expressed gratitude to the leadership of the National Managing Holding “Baiterek” and the Development Bank of Kazakhstan for their continuous support. He emphasized that the Fund will continue its comprehensive efforts to systematically support the manufacturing and infrastructure sectors — areas whose development generates a multiplier, long-term effect and ultimately contributes positively to the nation’s economic growth and GDP.
