On June 24, Astana hosted the 37th Plenary Meeting of the Council of Foreign Investors (CFI) under the President of Kazakhstan, which brought together the management of Samruk-Kazyna.

The CFI is a mechanism for direct dialogue between the President and foreign investors to resolve effectively issues related to their activities in the country and improve the investment climate in the Republic. The 37th meeting of the CFI is dedicated to the contribution of foreign investors to the development of domestic value.

The current Council includes long-standing international partners of Samruk-Kazyna: the European Bank for Reconstruction and Development, the Asian Development Bank, Citi, Glencore, Solidcore Resources, Wabtec, Shell, Eni, Total, and CNPC. The CFI includes observers from such partners of the Fund as Air Liquide and Alstom.

Samruk-Kazyna acts as a catalyst for attracting foreign direct investment (FDI). The Fund’s investment portfolio includes approximately 130 projects with a total value of over USD100 billion. Between 2019 and 2024, the Fund group attracted approximately USD27 billion in FDI.

The Fund has established itself as a reliable and strategic partner for foreign investors interested in projects in Kazakhstan.

In particular, thanks to the procurement system of the Samruk-Kazyna procurement system. Foreign investors planning to open production facilities in Kazakhstan can obtain a long-term off-take contract providing for guaranteed sales of their products for up to 20 years. In this way, the Fund creates a favorable environment for investors while reducing the country’s dependence on imports.

In response to the favorable business conditions, major companies such as the American Wabtec and the French Alstom, which also participated in the CFI meeting, were able to conclude long-term contracts with Kazakhstan Temir Zholy, a portfolio company of the Fund, and localize production in Astana.

Guaranteed sales volume for the Alstom plant - Elektrovoz qurastyru zauyty made it possible to increase the share of localised production from ≈10% at the start of the project to 35%. And Lokomotiv KurastyruZauyty, owned by Wabtec, achieved significant localization – up to 40%.

The Samruk-Kazyna Program for the creation of new production facilities, under which the Fund can provide off-take contracts for up to 20 years, was also mentioned in the speech of the Minister of Industry and Construction of the Republic of Kazakhstan, YersaiynNagaspayev, at the Council Meeting.

Samruk-Kazyna attracts foreign direct investment not only through co-investment, but also through the provision of off-take contracts. All of this contributes to the development of domestic value by the Fund together with foreign investors.