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Sovereign Wealth Fund «Samruk-Kazyna» JSC

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Samruk-Kazyna to sign a number of agreements with investors

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25.04.2019 00:00

Within the framework of the international cooperation forum ‘One Belt - One Road’, Samruk - Kazyna JSC has held a round table in Beijing on the issues of privatization and investment opportunities of the Fund. The Chinese business community met this event with great interest. This event gathered together top managers of Kazakhstan national and private companies, representatives of the Chinese business community, including leaders of the largest state corporations of China.

In his welcoming speech at the opening of the round table, Akhmetzhan Yessimov, CEO of the Fund, has invited international companies to intensify mutually beneficial cooperation.

‘We are actively investing in Kazakhstan under the Fund new development strategy. To diversify the portfolio, the Fund is considering the possibility of joining strategic partnerships with sovereign funds and investor consortia. Kazakhstan and People’s Republic of China have established good neighborly relations in full range of our cooperation. With strategic vision of the leaders of our countries, we consistently develop bilateral relations,’A.Yessimov said.

During the event, the Fund and Group of Companies signed a number of agreements with Chinese companies and funds. In particular, Samruk-Kazyna JSC and China-Eurasian Economic Cooperation Fund signed the framework investments cooperation agreement. The agreement will provide joint review of project investing opportunities.  

Samruk-Kazyna JSC signed the Memorandum of Understanding on participation as a potential investor in the Eurasian Nurly Investment Fund. СITIC Group, Baiterek Holding, Asian Investment Finance Group and Samruk-Kazyna JSC are the partners of the new Fund. Eurasian Nurly Investment Fund is planning to attract about $500 million under its management. Foreign investments will make the proportion of 1 to 8, i.e. $1 invested by the Republic of Kazakhstan will attract more than $8 of foreign investment.

In addition, United Chemical Company LLP and Huajin Group signed the agreement on joint feasibility study development for mineral fertilizer production. The project provides for the construction of a plant in the territory of Kazakhstan with capacity of 800 thousand tons together with the strategic Chinese investor Huajin Group (NORINCO). The preliminary project value is $600 million. This project will improve Kazakhstan export potential in the markets of China and European Union. Scheduled time for the project implementation is the period between 2020-2023.

At the end of the meeting, A. Yessimov presented the Fund’s initiatives on the privatization program to the round table participants, announced the plans for investment activities in the country aimed at portfolio diversification and creation of favorable investment conditions in the country.
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