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SamrukKazyna invested $4.9 billion in 140 projects by development institutions
Astana, January 28 2009
Investment portfolio of the national development institutions since the moment of their establishing amounted to 140 projects totaling $4.9 billion, the chairman of SamrukKazyna National Welfare Fund management board, Kairat Kelimbetov told a Tuesday meeting of the fund's board in Astana.
"Speaking of the fund's investment activities in whole, starting from the establishment of the development institutions 220 projects to the amount of $10 billion were approved. By now $4.9 billion were allocated for 140 projects.
Within the framework of the anti-crisis program, 24 projects totaling $16 billion are under the fund's consideration," he said.
According to Kelimbetov, for the next two years SamrukKazyna is giving the priority to investment projects in metallurgy, chemistry and petrochemistry, oil and gas sector and infrastructure, including power engineering, transport and communications.
As reported, following the president's decree SamrukKazyna Fund was organized in October 2008, through a merger of JSC Samruk State Assets Management Holding with JSC Kazyna Sustainable Growth Fund.
JSC SamrukKazyna National Welfare Fund is the state holding company that owns and manages national companies, engaged in different fields of economy, including oil and gas, telecommunications, transport and national development institutions.
SamrukKazyna is the operator of the government's anti-crisis program.