The Asian Infrastructure Investment Bank ( AIIB ) and the Ministry of National Economy of the Republic of Kazakhstan have agreed to establish a multi-year rolling pipeline ( MYRP ), a strategic framework that charts the course for up to US$6 billion in infrastructure investments in the Central Asian country between now and 2029.

Konstantin Limitovskiy, AIIB chief investment officer for Region 2, and Shakhrat Nuryshev, Kazakhstan‘s ambassador to China, signed the memorandum of understanding. Kazakstan’s President Kassym-Jomart Tokayev and  AIIB president and board chairman Jin Liqun witnessed the signing and lauded the enhanced partnership.

The 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 says. “This framework is a testament to what can be achieved through profound collaboration and a shared vision for a sustainable future. It is a US$6 billion blueprint for progress that will modernize vital transport networks, enhance perinatal healthcare, and propel Kazakhstan’s green transition.”

As a founding member of AIIB, Kazakhstan has been an important partner in advancing the bank’s mission of financing “Infrastructure for Tomorrow”.

AIIB has already approved financing for eight projects in the country totalling over US$2.2 billion. The new MYRP will scale up this collaboration, marking an evolution from individual projects to a comprehensive, programmatic partnership aimed at achieving transformative national and regional impact, the bank says in a statement.