Aissulu Tussenova | 04.04.2024

Major Businesses in Kazakhstan and How They Are So Successful

• In addition to being the biggest gas and oil business in Kazakhstan, KMG is a major player in the world energy market. It works along the whole hydrocarbon value chain, from production and refining to distribution and exploration.
• Large oil and gas deposits are discovered in Kazakhstan, especially in the Tengiz, Kashagan, and Karachaganak fields, which give KMG's activities a strong base.
• KMG has established strategic alliances with significant global oil corporations such as Chevron, ExxonMobil, and Total, utilising their proficiencies and technological know-how to optimise production efficiency.
• KMG's growth has also been aided by government backing in the form of advantageous laws, tax breaks, and infrastructural development.

• In Kazakhstan's transportation industry, KTZ is essential since it makes it easier for people and products to travel both domestically and outside.
• Kazakhstan's key role as a link between Europe and Asia is attributed to its strategic placement along the Eurasian transit corridor, which also draws a substantial amount of transit cargo traffic.
• The organisation has made significant investments in updating the infrastructure of its railways, implementing cutting-edge technologies to improve productivity, security, and quality of service.
• Furthermore, KTZ's varied business portfolio—which consists of logistics, passenger services, and freight transportation—has assisted in reducing risks and seizing a range of market opportunities.

• With activities spanning several nations and commodities, such as ferrochrome, iron ore, alumina, and copper, ERG is a major participant in the worldwide mining and metals sector.
• Kazakhstan's favourable mining rules and plentiful natural resources provide the corporation with a competitive advantage in the worldwide market.
• Exploration, mining, processing, and trade are all part of ERG's vertically integrated business strategy, which improves supply chain value generation and operating efficiency.
• By making smart acquisitions and investing in cutting-edge technology, ERG has been able to diversify its product line, increase its global footprint, and lessen its need on a single commodity.

• In Kazakhstan, Kcell is the industry leader in telecommunications, providing a vast array of data and mobile services to both businesses and consumers.
• Kcell's development is well-positioned to benefit from Kazakhstan's rapidly expanding telecommunications sector, which is being driven by rising mobile penetration and the demand for data services.
• The business maintains its competitiveness in the rapidly evolving telecom sector because to its unwavering focus on innovation and technological improvement, which includes the rollout of 4G and 5G networks.
• Kcell's market leadership and steady growth are attributed to its solid brand reputation, wide network coverage, and customer-focused philosophy.

• As one of Kazakhstan's top financial institutions, Halyk Bank provides both individual and business customers with an extensive range of banking services and products.
• Halyk Bank's operations are supported by a favourable environment created by Kazakhstan's steady economic growth, which is bolstered by careful budgetary policies and diversification initiatives.
• Customers and investors alike have come to trust the bank because of its strong capital foundation, stringent lending rules, and effective risk management procedures.
• Halyk Bank has strengthened its position as the industry leader by expanding its market reach and product offerings through smart acquisitions, such as the 2017 merger with Qazkom.

• In the paper and packaging business, Kazakhstan Kagazy is a significant participant, serving a variety of industries such as manufacturing, retail, and agricultural.
• Kazakhstan's expanding consumer market and industrial sector generate demand for packaging materials and paper products, which helps the company.
• Across the whole value chain, Kazakhstan Kagazy's vertically integrated operations—from the production of pulp and paper to packaging—enable cost optimisation and quality control.
• The company's adherence to environmental responsibility and sustainability, as seen by its eco-friendly procedures and certifications, makes it more appealing to investors and customers who share these values.