DEAR CLIENTS, PARTNERS, AND COLLEAGUES!
On behalf of the management and the entire team of the Fund, I would like to express our sincere gratitude for your trust and effective cooperation.
We are pleased to present this overview of the Fund's activities for 2024, reflecting our key achievements, f inancial performance, and development indicators over the reporting period. I am pleased to note that in 2024, as in previous years, the Fund demonstrated strong economic and investment growth. Every year, we set ambi tious goals and successfully achieve them, guided by a well-calibrated strategy, a commitment to excellence, and a united professional team, of which we are justifiably proud.
I would like to emphasize that all our major initiatives—whether the commissioning of new production facilities, modernization of existing enterprises, or support for infrastructure and logistics projects—are aimed at fostering sustain able economic growth in Kazakhstan. At the heart of the Fund's corporate policy lies a deep commit ment to social responsibility, ensuring that our projects deliver long-term benefits to the country's citizens. In our daily operations, we continually implement innovative and forward-thinking solutions, maintaining a sharp focus on efficiency and impact.
The Fund's philosophy is built on unity, fairness, and trust-based partnerships. The success of our systematic approach to growth is evident in tangible results. Over the past year, the Fund directed over 778 billion tenge in direct invest ments into Kazakhstan's real economy. A total of 318 projects were successfully implemented in the manufacturing and infrastructure sectors, generat ing a significant economic and social impact by increasing tax revenues, creating hundreds of new jobs, introducing new domestic products, and strengthening the Republic's export potential. The Fund's portfolio reached 1.9 trillion tenge in 2024, with the majority of investments supporting small and medium-sized enterprises, reinforcing our commitment to local industry.
A key focus of the Fund remains supporting Kazakhstani manufacturers who require financial backing to expand their production and market presence. Our lessees include domestic producers of garments, household appliances, construction materials, and other essential goods, contributing to the growth of national brands and driving progressive import substitution. The Fund also plays a vital role in developing Kazakhstan's trans port and logistics potential, investing in the renewal of specialized vehicles for public services, railway f leet modernization, and improvements in public transportation. In 2024 alone, with the Fund's f inancial support, 5,200 units of specialized vehicles were renewed across all regions of the country, including ambulances, firefighting and agricultural equipment, public transport buses, passenger and freight railway cars, and electric trains.
In line with President Kassym-Jomart Tokayev's address, "Fair Kazakhstan: Law and Order, Economic Growth, Social Optimism," which prioritizes the development of aero-hubs and aircraft fleet expansion, the Fund has planned leasing financing for small aviation in 2025 to facilitate aircraft modernization. Already in 2024, with the Fund's financial support, four small aircraft were acquired for the needs of the Ministry of Emergency Situations of Kazakhstan. In addition, in the reporting year, with the support of the Fund, 3 helicopters of domestic production were delivered, that were involved in the prevention and elimination of forest fires
Особо отмечу, что идеология Фонда основывается на единстве и паритетных, доверительных отношениях с нашими партнерами.
The Fund's sustainable development has also been recognized by leading international rating agencies. In 2024, the International Rating Agency Sustainable Fitch assigned the Fund an ESG rating of "2" with a total score of 63. Additionally, Moody's upgraded the Fund's credit rating from "Ba1" to "Baa3" with a "positive" outlook, further confirming our strong financial position and credibility.
За отчетный период Фондом в реальную экономику страны было направлено свыше 778 млрд тенге прямых инвестиций. Были поддержаны 318 проектов, успешно реализованных в обрабатывающей и инфраструктурной отраслях. Необходимо подчеркнуть, что они имеют мультипликативный экономический и социальный эффект, подразумевающий значительное увеличение налоговых поступлений в бюджет, создание сотен новых рабочих мест, появление новых отечественных товаров, наращивание экспортного потенциала республики.
Systematic and strategic work aimed at supporting Kazakhstan's manufacturing and infrastructure sectors, and ultimately fostering economic growth, will undoubtedly continue in 2025. The Fund's well-balanced strategy will allow us to achieve new milestones and further solidify our role as a key financial institution driving industrial development. With our extensive experi ence, robust capabilities, and long-term vision, the Fund will remain committed to fulfilling the Government's priorities and the objectives set by our sole shareholder.
We are pleased to present this overview of the Fund's activities for 2024, reflecting our key achievements, f inancial performance, and development indicators over the reporting period. I am pleased to note that in 2024, as in previous years, the Fund demonstrated strong economic and investment growth. Every year, we set ambi tious goals and successfully achieve them, guided by a well-calibrated strategy, a commitment to excellence, and a united professional team, of which we are justifiably proud.
I would like to emphasize that all our major initiatives—whether the commissioning of new production facilities, modernization of existing enterprises, or support for infrastructure and logistics projects—are aimed at fostering sustain able economic growth in Kazakhstan. At the heart of the Fund's corporate policy lies a deep commit ment to social responsibility, ensuring that our projects deliver long-term benefits to the country's citizens. In our daily operations, we continually implement innovative and forward-thinking solutions, maintaining a sharp focus on efficiency and impact.
The Fund's philosophy is built on unity, fairness, and trust-based partnerships. The success of our systematic approach to growth is evident in tangible results. Over the past year, the Fund directed over 778 billion tenge in direct invest ments into Kazakhstan's real economy. A total of 318 projects were successfully implemented in the manufacturing and infrastructure sectors, generat ing a significant economic and social impact by increasing tax revenues, creating hundreds of new jobs, introducing new domestic products, and strengthening the Republic's export potential. The Fund's portfolio reached 1.9 trillion tenge in 2024, with the majority of investments supporting small and medium-sized enterprises, reinforcing our commitment to local industry.
A key focus of the Fund remains supporting Kazakhstani manufacturers who require financial backing to expand their production and market presence. Our lessees include domestic producers of garments, household appliances, construction materials, and other essential goods, contributing to the growth of national brands and driving progressive import substitution. The Fund also plays a vital role in developing Kazakhstan's trans port and logistics potential, investing in the renewal of specialized vehicles for public services, railway f leet modernization, and improvements in public transportation. In 2024 alone, with the Fund's f inancial support, 5,200 units of specialized vehicles were renewed across all regions of the country, including ambulances, firefighting and agricultural equipment, public transport buses, passenger and freight railway cars, and electric trains.
In line with President Kassym-Jomart Tokayev's address, "Fair Kazakhstan: Law and Order, Economic Growth, Social Optimism," which prioritizes the development of aero-hubs and aircraft fleet expansion, the Fund has planned leasing financing for small aviation in 2025 to facilitate aircraft modernization. Already in 2024, with the Fund's financial support, four small aircraft were acquired for the needs of the Ministry of Emergency Situations of Kazakhstan. In addition, in the reporting year, with the support of the Fund, 3 helicopters of domestic production were delivered, that were involved in the prevention and elimination of forest fires
Особо отмечу, что идеология Фонда основывается на единстве и паритетных, доверительных отношениях с нашими партнерами.
The Fund's sustainable development has also been recognized by leading international rating agencies. In 2024, the International Rating Agency Sustainable Fitch assigned the Fund an ESG rating of "2" with a total score of 63. Additionally, Moody's upgraded the Fund's credit rating from "Ba1" to "Baa3" with a "positive" outlook, further confirming our strong financial position and credibility.
За отчетный период Фондом в реальную экономику страны было направлено свыше 778 млрд тенге прямых инвестиций. Были поддержаны 318 проектов, успешно реализованных в обрабатывающей и инфраструктурной отраслях. Необходимо подчеркнуть, что они имеют мультипликативный экономический и социальный эффект, подразумевающий значительное увеличение налоговых поступлений в бюджет, создание сотен новых рабочих мест, появление новых отечественных товаров, наращивание экспортного потенциала республики.
Systematic and strategic work aimed at supporting Kazakhstan's manufacturing and infrastructure sectors, and ultimately fostering economic growth, will undoubtedly continue in 2025. The Fund's well-balanced strategy will allow us to achieve new milestones and further solidify our role as a key financial institution driving industrial development. With our extensive experi ence, robust capabilities, and long-term vision, the Fund will remain committed to fulfilling the Government's priorities and the objectives set by our sole shareholder.
