Press releases

DBK projects in Mangistau region

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To date, Mangistau region has kept a positive trend in key socio-economic indicators. The region continues to implement key industrial and social infrastructure projects despite the impact and consequences of the pandemic. According to the statistics department of Mangistau region for January-September 2020, industrial enterprises of the region produced goods at current prices of KZT 1 535 bln., the volume index of industrial production for the corresponding period of 2019 made 93.2%. The region's manufacturing industry is based on the chemical industry, machine building, manufactured metal goods, except for machinery and equipment, petrochemicals, other non-metallic mineral goods (construction industry) and metallurgical industry.

Mangistau region occupies 4.4% in the regional loan portfolio structure of Development Bank of Kazakhstan JSC (DBK, the Bank, subsidiary of Baiterek Holding). These are major industrial projects of the country, which are the city-forming enterprises of Mangistau region - Kazazot JSC, NC Aktau International Sea Trade Port JSC, Aktau Tourism City LTD, KazTransGas Aimak JSC. All these enterprises provide the residents of the region with jobs, pay taxes to the budget, and deliver benefits in the development of the country's export potential. The total amount for these projects provided by the Bank is approximately KZT 139 bln.

KazAzot JSC, one of the leaders in the chemical industry, is being implemented in this region with the participation of DBK. This enterprise is the only ammonia and ammonium nitrate producer in the Republic of Kazakhstan. The plant produces chemical goods focused on the production of mineral fertilizers for the agro-industrial complex needs and mining industry. Fruitful cooperation between DBK and KazAzot started in November 2015, when KZT 40.5 bln. loan agreement was signed within the state program of industrial and innovative development. The borrowings enabled the completion of major projects to modernize the fertilizer plant, increasing the design capacity of the finished product. At the same time, it became possible to build and launch a gas piston power plant, which now provides KazAzot with its own power and heat.

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KazAzot JSC is also an export-oriented company that annually supplies around 35% of its products to foreign markets and is constantly expanding its geography of supply. Expansion of production capacities makes it possible to increase export volumes of products. As part of the export potential expansion, DBK financed the pre-export operation of KazAzot JSC for KZT 3 bln. in 2016, under the insurance coverage of Export Credit Insurance Corporation KazakhExport JSC. Currently, KazAzot employs 1 226 people.

As a development financial institution, DBK focuses on lending to environmentally friendly production, aimed at improving the environment. For example, the construction of backup line of Uzen-Aktau gas pipeline at Uzen-Zhetybai section was completed with the participation of DBK, to ensure accident-free and uninterrupted gas transportation and increase the capacity of Mangistau region gas transportation system. The project is being implemented by KazTransGas Aymak JSC, the cost of the project is more than KZT 3.6 bln., and the participation of DBK is 100%.

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NC Aktau International Sea Trade Port JSC jointly with DBK is implementing a project to expand Aktau International Sea Trade Port in order to increase the transshipment of dry cargo up to 3 mln. tons per year. The port provides services for transshipment of oil cargoes and general cargoes: grain, metal and others. The cost of the project is USD 85.7 mln., of which USD 82 mln. or 95.7% of the cost is a DBK loan. With DBK funds, Aktau seaport has built the protective hydrotechnical structures for the breakwater and wave, which protect the existing port infrastructure from the wave and form the water area to the north.

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In the field of tourism, the first phase of the all-season multifunctional hotel and tourist complex Rixos Water World Aktau was completed this year with the financial participation of DBK. The construction of this complex made it possible to create the only sea resort in the Central Asian region that provides five-star service under the “all inclusive” system from the recognized world brand RIXOS. The complex represents first-class recreation on the shore of the Caspian Sea, as well as active recreation (trips in the water area of the Caspian Sea, Mangyshlak Peninsula and Ustyurt Plateau). The hotel consists of 500 rooms, the infrastructure will include an aqua park, swimming pools, bungalows, a restaurant, spa salons, a room for children's leisure and a sports ground.

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During the construction of the complex, 1 250 jobs were created and during the hotel operation the number will vary from 500 to 700 people, depending on the season. The cost of the project amounted to KZT 68.8 bln., DBK loan - KZT 42 bln. for 20 years, the project is implemented by the private company Aktau Tourism City LTD.

АО «Банк Развития Казахстана»
проспект Мәңгілік Ел, здание 55 А, н.п. 15 Z05T3E2 Астана
+7 (7172) 79 26 79