2014Oct

Transformation Forum, October 6, 2014
Astana / Kazakhstan

Kazakhstan is a major success story in Central Asia. The country has made significant market-oriented reforms and large amounts of foreign investment. 

The transformation program was publicly announced during the “Samruk Kazyna Transformation Forum” held in Astana on October 6, 2014.

In addition to business processes optimization, the transformation program envisions attraction of external investors, sale of non-core assets and investment portfolio optimization, as well as a comprehensive reorganization and streamlining of the Fund’s operations. As a result, the number of companies under the Fund’s management will be reduced from the current 600 to 300 by 2017. Furthermore, in the short to medium term, the largest companies, including KEGOC, Samruk-Energo, Kazakhstan Temir Zholy and KazAtomProm will hold IPOs.

Samruk Kazyna’s transformation program is a key element of Strategy 2050, an ambitious initiative of Kazakhstan’s President Nursultan Nazarbayev. “By that time, Kazakhstan should become one of the world’s 30 most developed countries.”

MNR: http://www.multivu.com/players/English/72762559-samruk-kazyna-transformation-forum/