The third meeting of the Kazakh-British Business Council (KBBC) was held in London, organized by JSC SWF Samruk-Kazyna in conjunction with JSC NK Kazakh Invest and the international business newspaper Financial Times. The CEO of the Fund Akhmetzhan Yessimov attended the event, along with representatives of companies and government agencies from the UK and Kazakhstan.
In his welcoming speech, the CEO of the Fund Akhmetzhan Yessimov noted that trade, economic cooperation between Kazakhstan and the UK is developing dynamically, and in terms of the current investment portfolio, the Fund can become a partner for British companies in oil and gas refining, development of mining projects, transport, logistics and energy sectors.
‘Trade and economic cooperation between Kazakhstan and the UK is developing dynamically. The Kazakh-British Business Council, established in 2015, also contributes to this. Taking into account global economic trends, the Fund approved a strategy aimed at diversifying income by investing in promising sectors: petrochemicals, renewable energy, high technology, Industry 4.0, as well as the creation of joint private equity funds with sovereign funds and large investment companies’ – claimed the CEO of SWF Samruk-Kazyna Akhmetzhan Yessimov.
The Head of the Fund also noted that over the next five years, the Fund is planning to invest more than 38 billion US dollars in the above areas, of which 32 billion US dollars are attracted investments, where British companies can participate as investors.
In turn, the British business community noted the good dynamics of relations with the Fund and praised the investment climate in Kazakhstan.
At the end of the speech, Akhmetzhan Yessimov invited British companies to intensify mutually beneficial cooperation and participate in the upcoming IPO / SPO of three large portfolio companies of the Fund as part of the privatization program - Air Astana JSC, NC KazMunayGas JSC, Kazakhtelecom JSC.
A. Yessimov noted that the Fund, along with the implementation of the privatization program, pays special attention to the implementation of the digital transformation program of the Fund's group of companies aimed at improving the competitiveness and reengineering of production processes of portfolio companies.Let us recall, that the KBBC was established in 2015 as part of the visit of the First President of the Republic of Kazakhstan, Elbasy, N.A. Nazarbayev for the development of business relations, cooperation in various sectors of the economy between Kazakhstan and the UK.