- Kazakhstan's 2026 program targets SMEs, large firms in agriculture, consumer goods.
- 202 ag projects at $8.2B; $320M Astana grain complex by 2028.
- 67 consumer projects at $1.14B create 10K jobs; Baiterek funds viable initiatives.
Kazakhstan is set to introduce a new state investment program in 2026 to bolster domestic manufacturing and exports, targeting key economic sectors to diminish import reliance and enhance local production capabilities, as revealed during a government meeting. Chaired by Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, the discussion focused on supporting small and medium enterprises (SMEs) alongside large-scale operations in high-import-demand areas, particularly agriculture and consumer goods manufacturing.
The initiative will see the state pinpoint promising domains for import substitution and export growth, while regional authorities submit concrete project proposals. Evaluation and funding will be managed through the Baiterek National Managing Holding Company, ensuring resources flow to viable endeavors demonstrating tangible progress and execution readiness. Zhumangarin stressed, “Resources are limited—support will go to regions showing real progress and readiness for implementation,” underscoring a results-oriented approach.
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In agriculture, the portfolio encompasses 202 projects valued at 4.3 trillion tenge ($8.2 billion), emphasizing dairy and meat production, poultry farming, greenhouse development, and food processing. A flagship undertaking is Türkiye's Tiryaki Holding's $320 million integrated agro-industrial complex in Astana for deep grain processing, slated for completion by 2028.
The consumer manufacturing segment features 67 projects exceeding 600 billion tenge ($1.14 billion), geared toward textiles, footwear, and home appliances, projected to generate approximately 10,000 jobs and stimulate economic diversification.
The government has been directed to expedite all legal and organizational prerequisites for the program's swift rollout. This strategy aligns with Kazakhstan's broader economic resilience goals, leveraging its resource wealth to foster sustainable growth amid global trade shifts.