In the near future, the Fund intends to implement 5 priority investment projects in the gas industry. The Asian Development Bank is invited to invest in one of them. This was discussed today at the meeting of Almassadam Satkaliyev, the CEO of Samruk-Kazyna JSC with Evgeny Zhukov, the Director General for Central and West Asia of the ADB.  

The parties discussed the Fund’s Reform Program and the possibility of financing by the Asian Development Bank of the QazaqGaz Group of Companies. The CEO of the Fund noted that at this stage, the activities of Samruk-Kazyna will focus on investments in the real sector of the economy within the country and infrastructure development. Attention is also paid to increasing the Fund’s contribution to the socio-economic development of the Republic of Kazakhstan and improving approaches to tariff policy.  
It should be noted that the Fund has started work on implementation of primary infrastructure projects in the field of water and gas supply, electricity generation and rail transport totaling about KZT3.4 trillion. In this work, special attention will be paid to direct support of local businesses and coordination of work with foreign investors.  

During the meeting, the ADB representatives were informed about the Fund’s reform program, implementation of which involves attracting high-quality investments worth more than USD8 billion, opening 24 new production facilities with a total cost of KZT4 trillion and creating 5,000 new jobs. 

Following the event, the representatives of the Asian Development Bank highly appreciated the work carried out by the Fund and noted the possibilities of long-term cooperation with Samruk-Kazyna JSC.