Samruk Kazyna’s $111 billion megaprojects are expected to significantly boost Kazakhstan’s economy
With an investment portfolio of over 130 projects worth 53.5 trillion tenge (US$111.6 billion), Samruk Kazyna Sovereign Wealth Fund anticipates a multiplier effect on Kazakhstan’s economy through its megaprojects in various key industries, the fund’s chairman Nurlan Zhakupov said at an Aug. 5 meeting with President Kassym-Jomart Tokayev.
According to Akorda, Samruk Kazyna focuses on key sectors such as oil and gas, petrochemicals, energy, logistics, and mining.
Zhakupov reported that the fund's income for the first half of 2024 reached 7.9 trillion tenge (US$16.4 billion), exceeding expectations by 7%.
The fund supports foreign direct investment and co-invests in projects across various industries, including petrochemicals and digital sectors. Additionally, it has established 40 rehabilitation centers.
The President set specific tasks for advancing investment and social projects and enhancing the fund’s operations.(Source:astanatimes)
