ASTANA, Kazakhstan, January 31, 2013 /PRNewswire/ --
Samruk-Kazyna increases the potential for cooperation in the implementation of investment projects in the petrochemical, hydro and thermal power, renewable and alternative energy, engineering, pharmacy.
Kazakhstan Sovereign Wealth Fund Samruk-Kazyna was established to improve the competitiveness of the national economy and prevent the negative impact of the world markets on the economic growth in the country. The main instrument to achieve these goals - diversification and innovative development of the national economy.
To view the Multimedia News Release, please click:http://www.multivu.com/mnr/58682-kazakhstan-wealth-fund-expands-horizons To date, the Fund that has successfully implemented the bailout program - is the effective holding company in relation to its subsidiaries and a strategic investor, which aims at creating a balanced investment portfolio. Samruk-Kazyna is more than 500 companies in the industrial and production sector, working in the key areas of the national economy: oil and gas, mining, chemical, transport and communication, electricity and banking. Following the last year, the international rating agency Standard & Poor's upgraded the long-term credit rating of the Kazakhstan Fund from "BBB" to "BBB +", forecast - stable. The consolidated net income of the Fund for 2012, excluding second-tier banks is pre-evaluated in the amount of more than $ 4.6 billion. The growth to the last year made 10.6%. At present, the Fund is an active business model, which implements the investment policy and thinks about the competitiveness of companies in the market principles. The state assets are successful participants in the international market. Samruk-Kazyna plays a key role in the modernization and diversification of the economy of Kazakhstan; it is actively involved in the rapid industrialization of the country, implements a number of large projects and plans new ones. The total investment program of the Fund has 157 investment projects for $ 101 billion, of which 74 investment projects are currently being implemented for $ 54 billion. Surely, industrialization requires long-term funding, including the external.