Samruk Kazyna, Sovereign Wealth Fund, aims to drive significant economic impact in Kazakhstan with its substantial investment portfolio, which includes over 130 projects totalling KZT 53.5 trillion ($111.6bn). This strategy was detailed by Nurlan Zhakupov, Chairman of the fund, during an August 5 meeting with President Kassym-Jomart Tokayev.
The fund's investments are directed towards key sectors such as oil and gas, petrochemicals, energy, logistics, and mining. These sectors are expected to benefit from the large-scale projects undertaken by the fund, contributing to Kazakhstan's economic development.
For 1H24, the fund reported an income of KZT 7.9 trillion ($16.4bn), exceeding the planned figures by 7%. This performance aligns with the fund's expectations and underscores its financial stability.
In addition to its investment activities, the fund has initiated several charitable projects, including the establishment of 40 rehabilitation centres across Kazakhstan.
President Tokayev provided specific directives aimed at optimizing the execution of both investment and social projects, as well as improving the operational efficiency of the fund.
Samruk-Kazyna, established in 2008, was formed by merging the Sustainable Development Fund Kazyna and Kazakhstan’s Holding for Management of State Assets Samruk. The fund’s primary goal is to increase the long-term value of the entities it manages. It operates across eight sectors, including petrochemical, transportation, communication, energy, mining, corporate, and various other industries.
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