Nurlan Zhakupov at Astana Finance Days: Key Talking Points

Nurlan Zhakupov at Astana Finance Days: Key Talking Points

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06 September 2024

Chairman of the Management Board of Samruk-Kazyna JSC took part in the session: “Investment Potential Disclosure. Role of Financial Institutions in Kazakhstan and the Region”. He spoke about the strategic partnership with foreign investors

  • Samruk-Kazyna JSC is the 22nd largest fund in the world in terms of total assets under management, exceeding USD81 billion. EBITDA amounts to USD9.8 billion, and net profit exceeds USD3.7 billion

  • Over the past five years, the Group has successfully attracted USD24 billion of foreign investments into the economy

  • The Fund’s investment portfolio includes more than 130 projects with a total value of more than USD100 billion. The main part of them is aimed at building critical infrastructure, which serves as the basis for economic growth

  • In addition, subject to global changes, the Fund seeks to diversify the national economy by supporting projects in the field of green energy, digitalization and new products with high added value


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Some of these projects are implemented jointly with international strategic partners, to whom the Fund provides comprehensive support and assistance in implementing the project

  • There are two possible schemes of potential partnership: co-investment in capital and investments through private equity funds with the participation of Samruk-Kazyna

  • Thus, renewable energy projects have been initiated in Kazakhstan together with Arab, French and Chinese partners, which will attract about USD6 billion of foreign direct investment in the economy. In addition, gas projects are being implemented with Qatari partners that will increase gas access to the southern

  • and northern regions of Kazakhstan, and will allow to increase oil production by reducing the amount of crude gas injected into the reservoir

  • An investment fund has been established jointly with Azerbaijani partners to implement projects for the development of the Trans-Caspian International Transport Route

  • A number of petrochemical projects are being implemented jointly with Chinese companies. Including “Polyethylene” project a capacity of 1.25 million tons per year.