In Beijing on September 2, the Asian Infrastructure Investment Bank (AIIB) and the Ministry of National Economy of Kazakhstan agreed to establish a multi-year rolling pipeline, a strategic framework that charts a course for up to $6 billion in infrastructure investments between now and 2029.
Konstantin Limitovskiy, Chief Investment Officer, Region 2, AIIB, and Shakhrat Nuryshev, Ambassador of Kazakhstan to China, signed the Memorandum of Understanding. Kassym-Jomart Tokayev, President of Kazakhstan, and Jin Liqun, President and Chair of the Board of Directors of AIIB, witnessed the signing and lauded the enhanced partnership.
The landmark multi-year rolling pipeline embodies a long-term strategic vision for Kazakhstan. It aims to systematically direct financing to 14 high-impact, sovereign-backed projects that will drive the nation’s economic diversification and sustainable development. The pipeline is crafted to enhance Kazakhstan’s position as a key international transit hub, expedite its transition to green energy and address essential social infrastructure needs, with expected positive ripple effects throughout Central Asia.
“Today we are not just signing a document, we are opening a new chapter in our strategic partnership with Kazakhstan,” Limitovskiy said. “This framework is a testament to what can be achieved through profound collaboration and a shared vision for a sustainable future. It is a USD6-billion blueprint for progress that will modernize vital transport networks, enhance perinatal healthcare and propel Kazakhstan’s green transition. The framework provides the certainty and strategic alignment needed to transform national plans into tangible outcomes for the people of Kazakhstan. We are deeply honored to be a trusted partner in this journey.”
AIIB has already approved financing for eight projects in Kazakhstan totaling over $2.2 billion. The new pipeline will scale up this collaboration, marking an evolution from individual projects to a comprehensive, programmatic partnership aimed at achieving transformative national and regional impact.
Photo: aiib.org
