Kazakhstan's Samruk-Kazyna inks agreements with int'l companies

Business Materials 25 April 2019 17:40 (UTC +04:00)

Baku, Azerbaijan, April 25


National Welfare Fund Samruk-Kazyna JSC of Kazakhstan has signed a number of agreements with international companies during the round table in Beijing within the Belt and Road Initiative forum, Trend reports citing KazInform.

Reportedly, Akhmetzhan Yessimov, CEO of the Samruk-Kazyna Fund, invited the international companies to intensify mutually beneficial cooperation.

“With an idea of portfolio diversification the Fund considers the possibility of entering a strategic cooperation with sovereign funds and consortia of investors. Kazakhstan and China enjoy good-neighborly relations across all spheres of mutual cooperation and based on the strategic vision of our leaders, we work on developing this relationship,” he said.

Reportedly, the Fund and the group of companies signed a framework agreement on cooperation in the sphere of investments between Samruk-Kazyna and Chinese Eurasian Economic Cooperation Fund.

“This agreement will allow the project investment possibilities to be considered. Samruk-Kazyna is now among prospective investors of Eurasian Nurly Investment Fund, which plans to raise up to $500 million worth funds.”

“Huajin Group and United Chemical Company signed an agreement of cooperation on the collaborative feasibility study within the fertilizer production project. The project includes the construction of a factory with capacity of 800 000 tons in Kazakhstan with the participation of Huajin Group (NORINCO). The preliminary cost of the project reaches $600 million.”

Reportedly, Akhmetzhan Yessimov also briefed the round table participants on the Fund’s initiatives on privatization program, as well as on the investment plans with the idea of portfolio diversification and development of investment-friendly conditions.