Kazakhstan has come a long way in a few short decades. But the ambitious country has much further to go and bigger development dreams to achieve. The world-changing Covid-19 crisis presents both challenges to overcome as well as an opportunity for Kazakhstan to place itself at the heart of the new global economy and accelerate its digital transformation.
Since acquiring its independence in 1991, Kazakhstan has transitioned to upper-middle-income status, increased GDP per capita significantly and attracted $330 billion in foreign direct investment from more than 120 countries. Now a leading business hub and premier financial centre for the region, Kazakhstan has set its sights on becoming a top global investment destination.
Drives toward diversification and digitalisation have opened up sizeable opportunities for foreign investors in such sectors as manufacturing, mining and metallurgy, chemicals, financial services, agro-industry, alternative energy and cleantech, infrastructure, logistics, and digital industries.
All this sits against the backdrop of massive changes in global value chains and shifts in trade corridors which Kazakhstan is perfectly primed to take advantage of and which will continue to evolve post-crisis. Large infrastructure development programmes are being carried out to bolster Kazakhstan’s logistics capabilities, and foreign investors have a major role to play through participation in public-private partnerships and other vehicles.
The UK is identified as a vital strategic partner for Kazakhstan and the relationship between the two countries has gone from strength to strength in recent years. These links will only grow stronger as both counterparts look to post-pandemic economic recoveries and as the UK seeks to bolster its post-Brexit trade partnerships. The UK’s expertise in Kazakhstan’s key FDI sectors and project management skills are a perfect match for Kazakh resources and ambition; adding the third plank of access to the massive Chinese market makes the prospect of tri-party partnerships particularly exciting and lucrative. New Statesman Media Group, in association with Investment Monitor, is delighted to bring you a unique online event which will outline how strategic investors can partner with Kazakhstan for mutual benefit.
Founded in 2008, Samruk-Kazyna (the Sovereign Welfare Fund of Kazakhstan), improves and protects the welfare of the people of Kazakhstan and supports the modernization of the national economy.
Playing a special role in economic development and diversification, Samruk-Kazyna drives progress through effective management of its investment portfolio.
In 2018, the Fund approved a new strategy and defined new development horizons, Samruk-Kazyna is now focusing its efforts on creating a diversified high-yield portfolio of investments and assets both in Kazakhstan and abroad. Samruk-Kazyna is focused on developing new industries in Kazakhstan and in investing jointly with industrial investors and funds. In order to carry out investments abroad, the Fund intends to establish partnerships with leading sovereign funds and investment companies, with the London office playing a key role.
The economic diversification, digital and technological modernization, achievement of high standards of corporate governance, transfer of assets to a competitive environment and improved approaches to investments will become a framework for further development of the Fund.
The assets currently managed by Samruk-Kazyna exceed US$65 billion, covering the main sectors of Kazakhstan’s economy.
“KAZAKH INVEST” National Company” JSC is the Investment Promotion and Facilitation Agency of the Republic of Kazakhstan, with a network of representatives abroad and local offices in the country’s regions. Having the Board of Directors chaired by the Prime Minister of the Republic of Kazakhstan, KAZAKH INVEST harbours a broad range of competencies in project management and consultancy, often in cooperation with other government agencies, and performs the following roles:
- a single negotiator on behalf of the Government of the Republic of Kazakhstan when discussing the prospects and conditions for the implementation of investment projects in Kazakhstan;
- a “one stop shop” and a “hotline” for investors that provides a full range of services to support implementation of the investment projects from the very idea and throughout the whole life cycle of the production. This includes any interaction with the authorities, obtaining of investment incentives, various permits, approvals and other public services necessary for the implementation of investment projects and its further operation. It also pays an important role in establishing links and match-making between local suppliers, companies and foreign investors.
Chief Executive Officer, JSC Samruk-Kazyna
Vice Minister of Foreign Affairs of Kazakhstan, Repulic of Kazakhstan
LRAM ARCM Conservative Party
Managing Director, Da Vinci Capital
Chief Executive Officer, Turquoise
Chairman and Member of Management Board, Kazakhtelecom
Ambassador of the Republic of Kazakhstan to the United Kingdom of Great Britain and Northern Ireland
Managing Consultant, Water EMEA, Advisian, Worley Group
Chairman of the Management Board, National Mining Company Tau-Ken Samruk JSC
Managing Director for Strategy, Sovereign Wealth Fund of Kazakhstan, Samruk-Kazyna JSC
Chief Financial Officer, National Company Kazatomprom JSC
Minister of digital development, innovations and aerospace industry of Kazakhstan
Chief Executive Officer, Make UK
Chief Executive Officer, Astana International Exchange
Managing Director, International Trade and Investment, TheCityUK
Managing Director on Logistics and International Cooperation, JSC Sovereign wealth fund of Kazakhstan - Samruk-Kazyna
Mining Specialist, Department for International Trade
Editor-in-chief of Investment Monitor
Senior Editor at Investment Monitor
Senior Editor at Investment Monitor
Political Editor and Senior Editor at Investment Monitor
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