EDB Plans Over $4.5 Billion in Project Investments in Kazakhstan for 2025

In 2024, the Eurasian Development Bank (EDB) invested $1.4 billion in Kazakhstan’s economy, with a similar amount expected in 2025, Orda.kz reports.

Key investment priorities include energy, transportation infrastructure, and digitalization.

President Qasym-Jomart Toqayev met with EDB Chair Nikolay Podguzov to review the outcomes of bilateral cooperation and discuss future plans.

Kazakhstani projects currently make up 60% of the bank’s investment portfolio. Since the launch of its Country Strategy for 2022–2026, the EDB has already invested $3.8 billion — exceeding its initial plan ahead of schedule.

Projects worth more than $4.5 billion are being considered for 2025. It is planned to invest over one billion dollars in the modernization of energy facilities, the development of renewable energy sources, logistics, the reconstruction of national roads, industry, digital technologies and infrastructure,
Aqorda's report says. 

During the meeting, Podguzov said the EDB would continue supporting the development of Kazakhstan’s financial market.

Toqayev, in turn, expressed readiness to further strengthen cooperation with the bank.

Previously, analysts at the EDB predicted that Kazakhstan could join the World Bank's group of high-income countries by 2028–2029.

The bank’s chief economist expects gross national income per capita to surpass $12,000 by 2025 and reach $16,000 by 2029, enhancing Kazakhstan’s global economic standing and investment appeal.

Original Author: Ruslan Loginov