Kazakhstan has received $5.2 billion in investments from the Eurasian Development Bank (EDB) over the past five years.

This amount matches the total investment the Bank made in the country over the previous 15 years, The Caspian Post reports via Kazakh media.

Growing Portfolio and Strategic Projects

During talks between Prime Minister Olzhas Bektenov and EDB Chairman Nikolay Podguzov, the Bank highlighted its active portfolio in Kazakhstan:

326 projects worth $19.6 billion across EDB member states

Kazakhstan accounts for 64.9% of the Bank’s current portfolio

Key sectors include: industry ($2.1B), energy ($1B), transport infrastructure ($1B), financial sector ($1B)

Major projects supported include the Silleno gas processing plant, KPI gas-chemical complex in Atyrau, modernization of mining and metallurgical enterprises, and reconstruction of thermal power plants in Karaganda, Almaty, Aktobe, among others.

Energy and Infrastructure Boost

EDB has contributed to both conventional and renewable energy development, generating 1 in every 8 kW of electricity in Kazakhstan. Investments also cover transport projects, including locomotives and freight wagons for Kazakhstan Temir Zholy and road reconstruction.

Looking ahead, the Bank plans to continue modernization of the Ust-Kamenogorsk thermal power plant and build two solar power plants in the Turkistan and Kyzylorda regions.

Record Investment Levels

Over the past four years, annual investments in Kazakhstan have exceeded $1 billion, reaching $1.5 billion in 2025. Last year, the EDB’s portfolio in Kazakhstan included 116 projects, with 43 active projects worth $2.9 billion.