Kazakhstan plans to privatize 650 state-owned enterprises over 3 years
Astana, Kazakhstan, Nov.6
By Daniyar Mukhtarov - Trend:
Some 650 state-owned enterprises will be transferred to the private sector of Kazakhstan during the next three years within the framework of the privatization, said the Vice-Minister for Investment and Development of Kazakhstan Yerlan Sagadiyev at a round table on the theme: "Kazakhstan, Poland investment cooperation."
"The main investor in our country is the private sector," he said. "The share of the state at present does not exceed 25 percent. The government has decided to cut it. It is planned to sell the 650 state-owned enterprises over three years within the framework of the extensive privatization in order to bring the state share in accordance with the EU standards."
In turn, the deputy chairman of the Board of Kaznex Invest JSC Asel Ergazieva during the roundtable said that representatives of 30 large enterprises of Poland, who are planning to invest in the country's economy, have arrived in Kazakhstan.
"These are companies of mining and smelting sector, motor-car construction, logistics and energy," she said. "These are the sectors that we have identified as potentially interesting for cooperation. In addition, these are the spheres in which Poland can transfer their know-how."
She said that recently, under the mediation of Kaznex Invest, a meeting of representatives of Kazakh and Polish companies took place, during which the parties signed a framework agreement on cooperation in the mining and smelting sector, in order to move on to the specific contracts then.