On November 7, 2016  Dauren Tasmagambetov, Director of Department for Assets Privatization and Restructuring of «Samruk-Kazyna» JSC made a presentation at a meeting with the Joint Commission of the government and private sectors of Japan and Kazakhstan for Economic Cooperation. While speaking to the business community of Japan on privatization program, he said that the Fund adheres to an ideology that gives equal rights to investors and promotes transparency. 

«The privatization of companies will have a number of advantages for the Republic of Kazakhstan. It enhances transparency and efficiency of companies, provides access to «know-how, brings professional management and capital technologies for the development of enterprises, helps in optimization of the Fund's assets structure, stimulates development of small and medium-size businesses, as well as creates a powerful incentive for the development of financial institutions,» the representative of the Fund noted.
Most OECD countries have already gone through the privatization, significantly reducing the role of government in the economy, and have opened the access to private capital. For example, today in Poland and in Germany, the proportion of state involvement in the creation of GDP does not exceed 13-14%. Similarly, in countries such as Canada and the United States, the contribution of state-owned companies to GDP is around only 3-6%.

Kazakhstan plans to reduce the state's share in the economy from the current 70% to an average of the OECD countries - 15% of GDP.

In accordance with the decree of the President of Kazakhstan «Samruk-Kazyna» JSC plans to divest its stake in more than 200 of its assets as part of a large-scale state privatization program designed for 2016 -2020. The main objective of this program is to increase the effectiveness of Kazakhstan's economy by reducing the share of state participation in the economy. According to the program, at least six largest portfolio companies of the Fund  (“NC “KazMunayGas” JSC, “NC” “Kazakhstan Temir Zholy” JSC, “Kazatomprom” JSC, “Samruk-Energy” JSC, “Air Astana” JSC, “Kazpost” JSC) will be placed on IPO until 2020.

«Samruk-Kazyna» JSC on a daily basis has been actively involved in the privatization. State Commission on Modernization of the Economy of the Republic of Kazakhstanin 2016 has already agreed  realization form of 154 small and medium-sized assets, approved privatization roadmap of the largest national companies. Regularly auctions of assets from the second list are carried out on the platform of the Ministry of Finance. The auctions are open to all interested persons. Portfolio companies conduct  competitive procedures for the sale of assets from the first list. To date, 39 assets worth about  KZT 7.4 billion were sold.