Development strategy

The reporting year of 2022 continued the trend of the previous years, exacerbating global and local crises and turmoil:

the complication of the geopolitical situation, which caused a narrowing of the window of export opportunities for Kazakhstan;

the threat of the spread of new COVID-19 coronavirus strains and the risk of new quarantine restrictions;

increasing of inflation and social tension.

All this caused real problems for the national economy, and Samruk-Kazyna JSC, as its active subject.

The updated Development Strategy of Samruk-Kazyna JSC until 2032 (hereinafter - the Development Plan), adopted in pursuance of the Instructions of the Head of State, has been developed taking into account changing global trends and challenges.

Moreover, the Fund’s strategy corresponds to the key National priorities and contributes to the implementation of the Kazakhstan-2050 strategy, which is a national document that determines the long-term course of the country’s development.

It should be noted that the Strategy retains continuity with respect to similar documents of previous years, supplementing and specifying individual provisions.

Taking into account the current socio-economic situation of the country’s development and the role of the Fund, it is advisable to focus investments primarily in the economy of Kazakhstan. In this regard, the management model of the Fund in the next 7 years is defined as a strategic holding with the tasks of maintaining social and infrastructural development of the country.

By 2030, the Fund should move to the investment holding model under favorable market conditions with retention of majority share in the Fund’s strategic assets. The Fund will strive to diversify its portfolio and fill it with breakthrough projects with a high share of exports to strengthen its competitiveness and reputation on a global scale.