The Association of Kazakhstan Machinery Industry held its fifteenth online meeting of 2026, attended by regional representatives, machine-building enterprises, and industry partners. Participants discussed government support measures, new financing instruments, and the development of domestic manufacturing.
Azat Abaidildin, Deputy Chairman of the Board of JSC “Industry Development Fund,” presented information on government support measures. He noted that the Fund, as a subsidiary of JSC “Development Bank of Kazakhstan” and part of the “Baiterek” holding company, plays a key role in developing the country’s industrial potential.
The Fund was established in 2020 at the behest of the Head of State and today implements state policy in the field of industrial development, ensuring businesses’ access to long-term financing.
Currently, the IDF’s portfolio stands at 2.8 trillion tenge, with assets totaling 3.4 trillion tenge. A significant portion of the funded projects is aimed at modernizing the fixed assets of government agencies and enterprises, including the procurement of specialized equipment for emergency services, public transportation, and the railway sector.
As noted, under this program, projects exceeding 7 billion tenge are financed directly through the Fund, while projects up to 7 billion tenge are implemented through second-tier banks. However, for enterprises in the machine-building industry, financing limits do not apply due to close cooperation with the Association of Kazakhstan Machinery Industry.
Funding recipients assume reciprocal obligations, including job creation, raising wage levels, and the use of domestic goods, works, and services.
Financing for the manufacturing industry and infrastructure projects is provided for a term of 3 to 15 years at a rate of 12.6%, with a mandatory business contribution of at least 20% of the project cost. Additionally, projects are to be included in the Unified Industrialization Map under the Ministry of Industry and Trade of the Republic of Kazakhstan.
Special attention during the meeting was given to the launch of a new program to modernize the machine tool fleet for existing manufacturing enterprises. The amount of financing will range from 1 to 300 million tenge per applicant.
A presentation by Atyrau Carriage Works LLP was also given during the meeting. Daulet Shantaev, head of the company’s GR department, spoke about the enterprise’s current activities.
“The total investment in the project exceeded $350 million. The plant’s design capacity is up to 8,000 railcars per year, and it is expected to create approximately 3,700 jobs,” noted Daulet Shantaev.
According to him, the launch of the plant will significantly increase railcar production in Kazakhstan—from the current 7,000 to 12,000–14,000 units per year. In addition, the company has mastered the production of nine new railcar models with improved specifications that were not previously manufactured in the country.
Currently, the plant already manufactures open-top railcars, 40-foot flatcars, as well as tank cars for transporting petroleum products and liquefied petroleum gas. Tank cars for sulfuric acid and vegetable oil, grain cars, mineral cars, covered cars, and 80-foot flatcars are currently in the development stage.
An industrial railway cluster has been established around the plant, including repair and testing facilities, car and wheel workshops, a painting shop, a car washing station, infrastructure for storing and maintaining rolling stock, as well as its own railway tracks stretching up to 25 km.
The meeting participants noted the importance of further developing mechanisms for state support, localizing production, and strengthening cooperation among enterprises in the industry.
