Samruk-Kazyna increases the potential for cooperation in the implementation of investment projects in the petrochemical, hydro and thermal power, renewable and alternative energy, engineering, pharmacy.
Kazakhstan Sovereign Wealth Fund Samruk-Kazyna was established to improve the competitiveness of the national economy and prevent the negative impact of the world markets on the economic growth in the country. The main instrument to achieve these goals - diversification and innovative development of the national economy.
To view the Multimedia News Release, please click:
http://www.multivu.com/mnr/58682-kazakhstan-wealth-fund-expands-horizons
To date, the Fund that has successfully implemented the bailout program - is the effective holding company in relation to its subsidiaries and a strategic investor, which aims at creating a balanced investment portfolio.
Samruk-Kazyna is more than 500 companies in the industrial and production sector, working in the key areas of the national economy: oil and gas, mining, chemical, transport and communication, electricity and banking.
Following the last year, the international rating agency Standard & Poor's upgraded the long-term credit rating of the Kazakhstan Fund from "BBB" to "BBB +", forecast - stable.
The consolidated net income of the Fund for 2012, excluding second-tier banks is pre-evaluated in the amount of more than $ 4.6 billion. The growth to the last year made 10.6%.
At present, the Fund is an active business model, which implements the investment policy and thinks about the competitiveness of companies in the market principles. The state assets are successful participants in the international market.
Samruk-Kazyna plays a key role in the modernization and diversification of the economy of Kazakhstan; it is actively involved in the rapid industrialization of the country, implements a number of large projects and plans new ones. The total investment program of the Fund has 157 investment projects for $ 101 billion, of which 74 investment projects are currently being implemented for $ 54 billion.
Surely, industrialization requires long-term funding, including the external.
Some of the major national companies, including Oil & Gas Company KazMunayGas and Atomic Company Kazatomprom which are under the control of the Fund, are well known to the international investors. We want the other companies to become innovative companies able to compete globally.
The great potential of Kazakhstan in the oil and gas sector is already well known for the world community. This sector is open to foreign investors for 20 years.
Samruk-Kazyna also extends the priorities and opens the potential for cooperation in the implementation of investment projects in the petrochemical, hydro and thermal power, renewable and alternative energy, engineering and pharmaceuticals.
The choice of Kazakhstan is explained by the favorable geographical position of the country. Kazakhstan, being located in the heart of the Eurasian continent, connects the major markets in China, Europe, Russia, CIS countries, provides transportation services in the countries of Central Asia and the Persian Gulf, which is beneficial to investors, ensuring them the link between production and consumption.
Samruk-Kazyna. With confidence to the future!
"Samruk-Kazyna" JSC
http://www.sk.kz
Source: Samruk-Kazyna
Contact: Dr. Aidar Makhmetov
Tel.: +7 (7172) 55 40 99
Fax: +7 (7172) 55 40 69
press@s-k.kz
Editor: PR Wire
Copyright © ANTARA 2013
