The Chairman of the Management Board of Development Bank of Kazakhstan (a subsidiary of Baiterek National Managing Holding, hereinafter – DBK, the Bank), Marat Yelibayev, paid a working visit to the Turkestan Region.
As part of the visit, the Chairman visited a number of enterprises supported by the Bank, including LLP Sastobe Innovative Complex and LLP Ecoculture-Eurasia, as well as projects currently at various stages of consideration: LLP Jasyl Suyq Qazaqstan, LLP QazCoilPro and LLP Qazaq Bitum Processing.
A personal visit provides an invaluable opportunity to assess the actual performance of projects on the ground. For example, the largest greenhouse complex in the country, LLP Ecoculture-Eurasia, covering 51.88 hectares, represents one of the most ambitious agricultural projects in Kazakhstan. The facility was constructed and equipped with advanced high-technology solutions through DBK’s financial support totalling KZT 50.8 billion. This has enabled the introduction of modern agrotechnologies tailored to the region’s climatic conditions and designed to ensure year-round production.
Today, the greenhouse complex is capable of cultivating up to 12 hybrid varieties of tomatoes and other crops simultaneously. The project also strengthens agricultural co-operation between Kazakhstan and Russia: at its projected capacity of 27,000 tonnes of vegetables per annum, the enterprise plans to supply produce to the domestic market as well as to neighbouring regions of the Russian Federation, including Siberia and the Far East. Moreover, the development of domestic vegetable production, including tomatoes listed among socially significant food products, contributes positively to food security and inflation stabilisation within the consumer basket.
In October 2025, the Bank approved a pre-export financing project for LLP Jasyl Suyq Qazaqstan amounting to KZT 1 billion for the production of commercial refrigeration equipment. The project is aimed at exporting high value-added products manufactured at a newly established facility located in the “Turkistan” Special Economic Zone.
“Figures in reports cannot replace first-hand engagement with production facilities. It is essential for us to see how our investments operate in practice, to understand the rhythm of enterprises and the real needs of entrepreneurs. Such synergy allows us to act as a full-fledged partner in unlocking the economic potential of both the region and the country,” said Marat Yelibayev, Chairman of the Management Board of DBK.
Another noteworthy investment initiative is the cotton-textile cluster in the Turkestan Region, implemented with the participation of Xinjiang Lihua (Group) Co., Ltd, one of China’s largest cotton industry companies.
The company specialises in comprehensive cotton processing and manages a full production cycle — from seed selection to finished textile output. It holds leading positions in Xinjiang in terms of production volume and cotton quality, actively advancing new technologies and strengthening international co-operation in the textile sector.
The Turkestan project envisages the establishment of a raw material base covering 50,000 hectares and a complete processing chain, including yarn and finished textile production. The total project cost exceeds KZT 200 billion.
Between 2024 and 2027, the project provides for cotton cultivation across 60,000 hectares using water-saving technologies, construction of four cotton processing plants, one drip irrigation system plant and four textile factories. The enterprises are expected to create more than 4,000 jobs.
Another project currently under approval by the Bank is pre-export financing for LLP Qazaq Bitum Processing. Once fully operational, the enterprise’s planned annual output will reach 370,000 tonnes of bitumen. The company requires up to KZT 5 billion in financing: DBK’s loan will support exports of finished products to Uzbekistan, Kyrgyzstan, Tajikistan and the Baltic states.
“The industrial potential of the region is impressive. By visiting both our established partners and new production sites, we see substantial opportunities for growth. Our task is to provide businesses with accessible and efficient financial instruments so that these projects can scale up, create employment and strengthen the region’s economy,” the Chairman emphasised.
During the visit, Marat Yelibayev reviewed the progress of project implementation and construction, discussed with company management the timely provision of financing, prospects for further co-operation, and the Bank’s role in supporting the socio-economic development of the region.
