Two New Mortgage Categories May Appear in the GIC

Марина Онегина Local news
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The State Mortgage Company plans to introduce two new mortgage products. This was announced by Nurgazy Atakanov, the deputy head of the organization, on the air of "Birinchi Radio".

Currently, the country is implementing the construction of 80,000 apartments, distributed across the regions as follows:

Atakanov noted that external investments are being attracted for the implementation of these projects. For example, the Saudi Development Fund has allocated $100 million for the construction of 31 multi-story residential buildings in Balakchy, where 1,620 apartments will be located. The start of construction work is scheduled for the second quarter of 2026 on a site of 2 hectares.

Additionally, the Islamic Development Bank is providing funds for the creation of a residential complex consisting of 19 houses with 1,425 apartments, which will be built in the Sary-Ozon rural municipality of the Sokuluk district in the Chui region.

Furthermore, Atakanov reported that the State Mortgage Company is considering the possibility of opening a mortgage program targeted at women, as well as a "green" mortgage. Details on who will be able to obtain these loans will be announced later.
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