Kanat Sharlapaev invited Saudi businesspeople to implement joint projects on renewable energy sources with Baiterek Holding in Kazakhstan
Chairman of the Management Board of NMH Baiterek JSC Kanat Sharlapaev explained the role of the Holding in Kazakhstani economy at the Saudi-Kazakhstan Investment Meeting held in Jeddah on the margins of President Tokayev’s official visit to the Kingdom of Saudi Arabia, Kazinform reports.
Welcoming the participants of the meeting, Kanat Sharlapaev expressed confidence that the first visit of President Tokayev to the Kingdom of Saudi Arabia will give a new impetus to the development of bilateral cooperation and will be an important step toward further strengthening of trade, economic and investment cooperation between Saudi Arabia and Kazakhstan.
Chairman Sharlapaev went on to present the Holding and highlight its role in the Kazakhstani economy, stressing that Baiterek is the key development institution and the main financial agent of the Government of Kazakhstan that supports Kazakhstani economy in the key priority sectors.
According to him, the Holding’s total assets amount to $30 billion with the capital of $6.8 billion. Among the strategic directions of the Holding and its 8 portfolio companies are industrial and innovative development, promotion of exports of national products, development of small and medium-sized enterprises, agricultural industry and development of the housing and construction sector.
He continued by focusing on the Holding subsidiaries, including Development Bank of Kazakhstan, Kazyna Capital Management JSC, KazakhExport JSC, Housing construction saving bank of Kazakhstan JSC, Kazakhstan Housing Company JSC, Damu Fund as well as Agrarian Credit Corporation and KazAgroFinance.
Baiterek Holding, according to Sharlapaev, pays utmost attention to green financing as it funneled more than $700 million into a number of green projects last year.
Kanat Sharlapaev invited Saudi businesspeople to implement joint projects on renewable energy sources with Baiterek Holding in Kazakhstan as Saudi Arabia boasts extensive experience and practice in that respect.
In conclusion, the Baiterek Holding Chairman emphasized that in the modern world of geopolitical uncertainty having a reliable partner is the key to the long-term sustainable success and the Holding can be that partner for Saudi companies that might be interested in doing business in Kazakhstan.
Sharlapaev assured the participants of the Saudi-Kazakhstan Investment Meeting that the Holding will make every effort to strengthen trade, economic and investment cooperation between Nur-Sultan and Riyadh.
