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Kazakhstan Pivots Beyond Oil: $11bn investment drive, Gulf ties, renewable energy push

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·GN Focus Report·about 1 month ago
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From petrochemicals to wind power, Kazakhstan bets on high-value exports and Gulf ties Last updated: April 30, 2026 | 11:34 Nikolai Podguzov, Chairman, Eurosian Development Bank What are your key priorities? We developed an ambitious strategy for 2022-2026. The strategy targets nearly $11 billion of investment, with a planned investment pipeline for 2026. We also see strong mutual investment interest between Central Asia and the Gulf. EDB should serve as a bridge to enable cross-regional investment and support diversification beyond oil and gas. Ultimately, as a development bank, our mission is sustainable growth. How do you sustain your investment pace? We maintain a high-quality portfolio with almost zero non-performing loans, and we can invest roughly the equivalent of one bank capital per year, about $2.5 billion annually, including four consecutive years of investing more than $1 billion per year in Kazakhstan.…

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