The Islamic Development Bank (IsDB) and Kazakhstan have signed two landmark agreements under the Development of Economic and Industrial Zones Project, with a total IsDB contribution of $1.307 billion.
The signing followed discussions between IsDB President Dr. Muhammad Al Jasser and Kazakh Minister of Industry and Construction Yersayin Nagaspayev, reaffirming a strategic partnership with cumulative approvals exceeding $4.24 billion.
According to the IsDB, the initiative will strengthen special economic zones (SEZ) and industrial zones across Kazakhstan, including in Astana, Almaty, Shymkent, and other regions, driving economic diversification, attracting investment, and creating quality jobs.
The signed documents include a framework agreement for $1.307 billion to finance the construction and modernization of infrastructure in special economic and industrial zones, as well as an agreement on IsDB $1.3 million technical assistance grant to the Kazakh Ministry of Industry and Construction.
The technical assistance grant will help improve SEZ management mechanisms, digitalize processes, implement modern administrative standards, and enhance the professional competencies of management companies. These measures aim to create a more transparent and efficient operating model for the zones, focused on attracting investment and developing export-oriented productions.
On February 10, 2026, President Kassym-Jomart Tokayev ordered to prepare a new development model for SEZs within three months, emphasizing the need to fully utilize their potential. The head of state noted that SEZs should become full-fledged investment platforms that utilize modern regulations, new tools, and service solutions, with subsequent scaling at the national level.
Kazakhstan currently hosts 17 SEZs and 67 industrial zones, with three new SEZs—Aktobe, Atyrau, and Korkyt Ata—established in 2025.
SEZs and industrial zones were designed as an effective tool for attracting investment in Kazakhstan due to government support measures.
