Kazakh Sovereign Wealth Fund implements investment projects worth $101 BN

Photo: Kazakh Sovereign Wealth Fund implements investment projects worth $101 BN / Kazakhstan

Kazakhstan, Astana, Feb. 7 / Trend, D. Mukhtarov /

Samruk-Kazyna Kazakh Sovereign Wealth Fund has implemented investment projects worth $101 billion, Samruk-Kazyna Chairman of Board Umirzak Shukeyev said at an enlarged fund meeting chaired by Kazakh Prime Minister Serik Akhmetov

"The fund will be actively involved in the implementation of the industrial program in 2013," he said. "Generally, the common investment program of the fund has 157 projects worth $101 billion. Around 74 investment projects under the program worth $54 billion are being implemented. Four large projects will be introduced creating 5,000 jobs within the Industrialization Map in 2013."

He added that the projects include the reconstruction of the sulfuric acid plant with a capacity of 180,000 tons, the construction of three transformer substations in Almaty, the launch of bitumen production and the reconstruction and the modernization of the Atyrau refinery. The capacity to create benzene will be created there.

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