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Thursday, September 24th, 2020


by October 31, 2019 Legal

Aidar Arifkhanov, chairman of the Board of National Managing Holding Baiterek, has attended the 5th Kazakh-Dutch business forum held on 30 October 2019 in the Hague as part of an official visit of Kazakh Prime Minister Askar Mamin to the Kingdom of the Netherlands.

Baiterek Holding Chairman invites Dutch businesses to a Berne Union meeting in Nur-Sultan |

The forum brought together top managers of major companies, including Royal Dutch Shell, agricultural firm Farm Frites BV, IKEA, Bitfury (which is in the list of top-50 fin-tech companies according to Forbes), SUEZ GROUP (one of the major utility companies in Europe), world’s consultancy companies Schneider Group and others.

Addressing the forum, Aidar Arifkhanov presented the Baiterek Holding’s activities to the participants. The holding have 11 subsidiaries that offer support to entrepreneurs: from investment funds to export support, from grants for rates of pay, as well as the support when preparing project documentation and evaluation and finding partners.

He dwelled on the measures deployed in Kazakhstan to attract foreign investment.

The Baiterek Holding actively works on investment encouragement. The last three years have seen investments for $3B attracted thanks to the work with the banks such as Deutsche Bank, Credit Agricole Corporate and Investment Bank, the State Development Bank of China, JP Morgan Chase and others. We are ready to establish close cooperation with Dutch companies on projects within Kazakhstan and globally. We are also willing to provide assistance in entering our market, he said.

The forum saw Aidar Arifkhanov inviting the forum’s participants to the Berne Union meeting, to take place next year in Nur-Sultan.

KazakhExport, a subsidiary of the Baiterek Holding, is a member of the Berne Union and Aman Union, which are associations of largest exporting and credit agencies of the world. In 2020, KazakhExport, as chair of the Berne Union, will host a Berne Union meeting in Nur-Sultan. We will be pleased to see Dutch banks and development institutes as guests, he said.

He went on to say that the Holding is willing to attract long-term investments in projects in infrastructure and industry

Dutch companies are welcome to Kazakhstan and we are willing to co-fund joint projects and initiatives. As an example, Kazakhstan’s K-Agro and the Dutch company Farm Fries reached an agreement to set enterprises up in Kazakhstan to produce agricultural products and their treatment. The Holding is ready to consider providing funding to the project through the Holding’s subsidiaries – the Development Bank of Kazakhstan and Development Bank of Kazakhstan � Leasing, he said.

The Netherlands is the number one investor in the Kazakh economy and is among key trade partners of Kazakhstan in the EU.

According to National Bank data the gross inflow of direct investments from the Netherlands to Kazakhstan was over $85B between 2005 and 2018. The first six months of 2019 has seen this figure stand at $3.4B.

Source: Kazakhtan 2050