Baiterek Holding to invest at least $2.5 bln in Kazakhstan's mining and metals sector in 2026

ASTANA. April 16 (Interfax) - Kazakhstan's national investment holding Baiterek plans to provide at least $2.5 billion for mining and metals projects in 2026, Managing Director Aidyn Akan said.

"Growth is strong, with volumes doubling year on year. I expect a similar trend this year, with at least $2.5 billion allocated for mining and metals projects in 2026," Akan said on the sidelines of the MINEX Kazakhstan 2026 forum on Thursday.

He said Baiterek's financing for the sector also totaled about $2.5 billion in 2025. Overall, the holding has channeled around $20 billion into the economy.

Akan said financing depends on the availability of investment-ready projects in processing and production capacity development.

"We do not finance exploration or extraction; we finance value-added processing of raw materials," he said.

National Management Holding Baiterek JSC, organized in May 2013, is a development institute that supports entrepreneurial activities and development of the agricultural complex and carries out housing programs in Kazakhstan. The ultimate beneficiary of Baiterek is the government of Kazakhstan.