Kazakhstan launches privatization of 700 state-owned enterprises

On December 3, President of Kazakhstan Kassym-Zhomart Tokayev held talks with the top managers of major international investment companies. The President emphasised the effective role of attracting foreign funds in the development concept of Kazakhstan and offered investors a number of profitable projects, the press office of Akorda reported.

Informing the interlocutors about the measures taken to privatize public sector facilities, Kassym-Zhomart Tokayev said the large-scale campaign was underway to privatize more than 700 enterprises from various sectors of the economy. These include oil and gas, energy and infrastructure facilities. The President added that the shares of large companies would be floated on national stock exchanges.

The leader of Kazakhstan expressed the hope that this meeting would be a good opportunity to hold a dialogue on the increase of foreign investment flows to Kazakhstan markets. The need to hold business meetings with such an agenda on a regular basis was noted.

The top managers of Blackrock, Luxor Capital, Lugard Road Capital, Aberdeen Asset Management, Capital Group, Sands Capital, Alameda Research & FTX and Kingsway Capital took part in the meeting.

Tokayev noted that the country had a favourable business climate. He said Kazakhstan had attracted foreign direct investments worth over US$ 370 billion during the years of independence, exclusive and comprehensive support was provided for every investor and he headed the Foreign Investors Council.

08 дек 2021, 11:54
Photo source: akorda.kz

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