«Samruk-Kazyna» JSC attracts «anchor investor» in Kazakhstan

«Samruk-Kazyna» JSC attracts «anchor investor» in Kazakhstan

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10 August 2015

Press conference with the participation of the Chief Business Development Director of «Samruk-Kazyna» JSC Berik Beysengaliyev took place at the CCS under the President of Kazakhstan within the National plan «100 concrete steps on implementation of five institutional reforms».

Considerable work is being done in the direction of attracting investments (steps 56, 59). The investment portfolio of the Fund to date consists of 161 projects worth about $ 121 billion. The overall structure of the financing of investment projects of the Fund's internal capital totals 27%, borrowed resources - 73%. Thus, three dollars of foreign investment are attracted for every dollar invested by the Fund and the national budget.

«Creating a favorable investment climate is one of the key objectives of the Fund. The Fund is actively working to establish cooperation with leading companies - «anchor investors» from the CIS countries, Europe, USA and Asia,» B.Beysengaliyev told.

As a part of the SPFIID program «Samruk-Kazyna» implements 11 projects worth $ 24.1 billion, accounting for 73% of total investments of the country projects in the Republican map of industrialization. Implementation of these projects will create more than 23 thousand temporary and more 4,400 permanent jobs.

In the direction of sustaining economic growth over the past three years, the Fund commissioned 35 projects worth $ 6.9 billion with the creation of more than 15,700 temporary and more than 7,100 permanent jobs. In 2015 it is planned to commission 20 projects worth $ 5.9 billion, with the creation of about 11 000 temporary and about 6,000 permanent jobs. As a part of «Nurly Zhol» program, the Fund implemented 7 projects totaling $ 3,1 billion with the creation of 7200 temporary and 1300 permanent jobs.

The Fund within the Transformation program plans to move to investments in the priority sectors of the economy focusing on non-extractive sectors. The priority in the selection of the project will be diversification of Kazakhstan's economy, creation of new industries with innovative component, as well as transfer of new technologies.