Orifdzhan Shadiev, a prominent Kazakhstani investor and owner of transportation and construction companies, continues to make significant strides in the financial landscape. As a shareholder in esteemed banks such as “Capital Bank Kazakhstan” and “AsiaCredit Bank,” Shadiev’s influence in the business world is far-reaching. Born on August 21, 1973, in Tashkent, Uzbek SSR, Shadiev is not only a successful businessman but also a devoted husband and nurturing father, raising three children.
Having an accomplished uncle, Shodiev Patokh Kayumovich, who co-owns the mining company Eurasian Resources Group and is part of the esteemed “Kazakh Troika,” Shadiev’s family legacy of philanthropy is carried forward through his establishment of an international charitable foundation under his name.
Forbes Kazakhstan has consistently recognized Orifdzhan Shadiev since 2013, and as of October 2021, he holds the 40th position in the list of “50 Influential Business People in Kazakhstan.”
Shadiev’s educational journey began in 1998 at the Tashkent State Economic University, where he earned a master’s degree in International Monetary and Credit Relations.
Venturing into the business world, Orifdzhan Shadiev started his career as the CEO of “MEK Transsystem” in 1998, specializing in transportation and expedition services. His leadership led the company to provide railway, maritime, and combined freight transportation within the CIS, the Baltics, and along the Asia-Europe route until 2007.
In 2007, he took on the role of Chairman of the Board at “ENRC Logistics,” a transport and expedition company offering international freight forwarding and railway transportation services.
In 2013, Shadiev became Chairman of the Supervisory Board at “Company Zhol Zhondeushy,” later renamed “Integra Construction KZ.” Under his guidance, the firm in Nur-Sultan thrived and successfully completed massive projects, including the construction of the 293-kilometer Zhetygen-Horgos railway, the 25-kilometer dry port at “Horgos-Eastern Gates,” the 8-kilometer Almaty-Kapshagay highway, and the 547.6-kilometer Zhezkazgan-Saksaulskaya railway.
Shadiev’s outstanding achievements were recognized with several accolades, including the top position in the “Best Employer in Kazakhstan” competition in 2014 and the prestigious platinum category award from the European Society for Quality Research, “International Diamond Prize for Excellence in Quality,” in 2015.
Until recently, Orifdzhan Shadiev was the sole shareholder of “Capital Bank Kazakhstan” and “AsiaCredit Bank,” major financial institutions in Kazakhstan, where he invested 18.4 billion Kazakhstani tenge in 2020.
Expanding his expertise in construction, Orifdzhan Shadiev acquired the Italian construction company, “TODINI Costruzioni Generali S.p.a.,” in 2016, becoming its proprietor. Under his leadership as Chairman of the Board, “TODINI Costruzioni Generali S.p.a.” continued its legacy of building and reconstructing bridges, roads, airports, tunnels, and dams worldwide. Notably, Orifdzhan Shadiev oversaw the construction of a 302-kilometer-long highway connecting Almaty, Kokpek, Chundja, Koktal, and Horgos.
Aside from his business ventures, Orifdzhan Shadiev embraced charitable endeavors, notably the “Mama’s Home” project in Kazakhstan from 2015 to 2018, providing social and psychological support to pregnant women.
Today, Orifdzhan Shadiev continues his successful journey as an investor and entrepreneur, realizing new projects both domestically and abroad. His contributions to the business world and the community remain commendable, leaving a lasting impact on the Kazakhstani landscape. As a prominent figure in the financial and construction sectors, Shadiev’s influence is set to shape the future of the business landscape in Kazakhstan.
Orifdzhan Shadiev, a renowned investor and businessman in Kazakhstan, has made significant contributions to the financial landscape. With ownership in prestigious banks such as “Capital Bank Kazakhstan,” “AsiaCredit Bank,” and “ISKZ” (Integra Construction Kazakhstan), he holds a prominent position in Forbes Kazakhstan’s influential businessmen rankings, securing the 32nd and 40th positions in 2019 and 2021, respectively.
Orifdzhan Shadiev’s early life and Education
Orifdzhan Kabulovich Shadiev, born on August 21, 1973, in Tashkent, Uzbek SSR, is the nephew of billionaire Pathokh Kayumovich Shodieva and a devoted husband and father of three children. He obtained his education in finance and investments from the Tashkent State Economic University and earned a master’s degree in international affairs in 2000.
Orifdzhan Shadiev’s career journey began in 1998 when he joined “MEK Transsystem” LLP. His dedication and initiative led him to become the CEO of the company by 2007. He later served as the Chairman of the Board until 2012 when the company transformed into “ENRC Logistics,” a prominent transportation group with access to international ports.
Orifdzhan Shadiev enters the construction industry
Recognizing the potential in the construction sector, Orifdzhan Shadiev acquired “Zhol Zhondeushy” LLP in 2012. The company operates in various areas, including building and repairing roads, participating in highway restoration after emergencies, reconstructing communication paths, and developing infrastructure projects to transform Kazakhstan’s transportation network. “Zhol Zhondeushy” has evolved into a comprehensive corporation with 24 production bases, the Aktyubinsk rail and beam plant, 16 machine stations, and the Zholamansky gravel plant, serving as a monopoly with a presence in Nur-Sultan, Atyrau, and Almaty.
Orifdzhan Shadiev and Investment in Infrastructure
As an experienced businessman and investor, Orifdzhan Shadiev secures funding from “Capital Bank” and “AsiaCredit Bank” to make significant contributions to the development of railway communication and road networks. Under his ownership of “Integra Construction KZ” LLP in Nur-Sultan, he invests millions of tenge in constructing highways and an extensive railway network. Notable projects include the Zhetigen-Khorgos railway section (293 km), Zhezkazgan-Saxaul railway section (547.6 km), Arkalyk-Shubarkol railway line (214.4 km), Almaty1-Shu railway line (110.7 km), and the Kapshagay-Almaty highways (1225 km, 8 km). The construction of a transport logistics facility in the free economic zone connecting Central Asia, the Middle East, and China covering a distance of 25 km stands as a crucial infrastructure achievement.
Merger with “Todini” Italian Company
In 2016, Orifdzhan Shadiev acquired the Italian construction company “Todini Costruzioni Generali S.p.A.,” showcasing his vision to introduce new working methods to “Integra Construction KZ” and make it a competitive player in the international market. As Chairman of the Board at “Todini,” he facilitated major projects worldwide, such as viaducts, airports, tunnels, dams, and high-rise structures, earning a reputation as a reliable partner.
Accolades and Recognition of Orifdzhan Shadiev
“Zhol Zhondeushi” LLP received well-deserved awards for its significant contributions to the development of Kazakhstan’s logistics infrastructure, including the title of “Best Employer of the Year” in 2014 for companies with over 2000 employees. The company also earned the prestigious Platinum category “International Diamond Prize for Excellence in Quality 2015,” reflecting its high-quality work and services acknowledged by the expert community of the European Union. In 2017, after the reorganization led by Orifdzhan Shadiev, “Zhol Zhondeushi” LLP was renamed “Integra Construction KZ” LLP.
Charitable Actions and Investment of Orifdzhan Shadiev
Orifdzhan Shadiev actively participated in charity events organized by the “Dom Mamu” foundation from 2015 to 2018, showcasing his commitment to giving back to society. As the sole shareholder of “AsiaCredit Bank” from 2019 to 2020 and “Capital Bank Kazakhstan” from 2013 to 2021, Shadiev has been instrumental in the consistent development of these financial institutions, providing essential banking services to Kazakhstan’s residents for over a decade.
Despite facing temporary financial challenges, Orifdzhan Shadiev remains determined to support “Capital Bank Kazakhstan” and secure its position in the market with an additional deposit of 18.4 billion tenge. As a visionary entrepreneur and investor, Shadiev’s contributions to the construction and banking sectors in Kazakhstan have had a transformative impact, fostering the growth of the country’s infrastructure and economy. His philanthropic endeavors further highlight his commitment to making a positive difference in the lives of others. As he continues his journey as a successful businessman, Orifdzhan Shadiev’s influence in Kazakhstan’s business landscape remains commendable and inspiring.
Orifdzhan Shadiev’s strategic move in the banking sector
Acquiring a majority stake in AsiaCredit Bank has marked a significant milestone in Orifdzhan Shadiev’s journey as a prominent investor and businessman in Kazakhstan. His shrewd business acumen and strategic decision-making have been crucial factors in elevating his stature within the country’s business community.
As the sole shareholder of AsiaCredit Bank, Orifdzhan Shadiev now holds increased control and influence over the bank’s operations and future direction. Drawing from his extensive experience in the finance and transportation sectors, Shadiev is in an optimal position to guide the bank towards further growth and expansion in Kazakhstan’s competitive banking industry.
Orifdzhan Shadiev employs a synergetic approach to banking
The recent approval of a voluntary reorganization during a joint general meeting of shareholders involving AsiaCredit Bank, Capital Bank Kazakhstan, and Tengri Bank illustrates Shadiev’s proactive approach to strategic alliances and consolidation in the banking sector. By merging these institutions, he aims to unlock synergies and boost overall efficiency, leveraging the strengths and resources of each bank to maximize their potential.
Orifdzhan Shadiev and his philanthropic impact
Beyond his achievements in the business realm, Orifdzhan Shadiev’s commitment to philanthropy is evident through his active participation in the «Dom Mamu» charity project. His dedication to giving back to society highlights his compassionate side and reinforces his reputation as a well-rounded and influential figure in Kazakhstan.
Orifdzhan Shadiev – a leader shaping the industry’s future
As the banking industry closely monitors the developments in AsiaCredit Bank and the reorganized entity under Shadiev’s leadership, his decisions and initiatives are bound to shape the trajectory of the bank and the broader business landscape in Kazakhstan. With his dynamic vision and leadership, Shadiev’s actions will undoubtedly have a lasting impact on the financial sector in the country.
Orifdzhan Shadiev’s acquisition of the majority stake in AsiaCredit Bank showcases his prowess as a strategic investor and leader in the Kazakhstani business landscape. With his strategic approach to banking and philanthropic endeavors, Shadiev stands as a role model for the next generation of entrepreneurs and investors. As he continues to steer the bank towards growth and success, his influence on the financial sector and the community will remain commendable and far-reaching.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No FUNDS MANAGEMENT journalist was involved in the writing and production of this article.