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Kazakhstan's prominent construction firm، BI Group، is set to tap international markets، planning to raise up to $500 million through a combination of Eurobonds and domestic bonds. This strategic move aims to bolster the company's financial position and support the execution of its upcoming development projects.

International Market Expansion

According to Aydyn Rakhymbaev، co-founder and Chairman of the Board of Directors، BI Group intends to secure this significant funding by 2026. The specific timelines for issuing Eurobonds and domestic bonds will be determined based on prevailing market conditions. The company's decision to explore foreign credit sources is partly influenced by high interest rates within Kazakhstan، a trend also observed among other private businesses seeking more favorable financing.

Kazakhstan's Construction Sector Growth

The construction sector in Kazakhstan has shown robust growth، with an estimated increase of nearly 16% in 2025. Residential construction alone reached 20 million square meters، marking a 5.1% rise. BI Development، a part of the group، holds a 'BB' rating from Fitch، positioning it two notches below investment grade. Beyond bonds، the company is also exploring other financing avenues، including Real Estate Investment Trusts (REITs) and partnership models.

Regional Leadership in Real Estate

BI Group has established itself as a leader in the real estate development sector across the Middle East and former Soviet Union countries. A report by Cushman & Wakefield identifies BI Group as the top developer based on the volume of real estate commissioned in these regions، underscoring its significant market presence and operational scale.

This information was reported by Infohub.kz.