The parties discussed issues of improving procurement and prospects for joint projects.

The European Bank for Reconstruction and Development is a long-standing partner of Samruk-Kazyna. The Bank participates in the Fund’s major projects in the energy, mining, oil and gas, and logistics sectors.

The EBRD plays a key role in the project of connecting the electricity grid of Western Kazakhstan to the Unified Energy System of the country. The Fund’s portfolio company, KEGOC, uses Samruk-Kazyna’s procurement rules, which made it possible to conclude an agreement with the international financial institute.

“We are confident that further development of this model based on international best practices and cooperation with partners such as the EBRD will enhance the openness, sustainability and efficiency of the Fund’s procurement processes”, - Nurlan Zhakupov said. 

The Fund’s procurement system has been recognized as meeting advanced international standards by such global financial institutions as the EBRD and ADB.

In October 2024, the Head of the EBRD, Odile Renaud-Basso, at the meeting with the President of Kazakhstan, Kassym-Jomart Tokayev, expressed appreciation of the Samruk-Kazyna procurement procedure.