32nd in the IMD World Competitiveness Rankings 2017
In 2017, Kazakhstan climbed 15 spots in the IMD World Competitiveness Rankings, to 32nd place among 63 countries.
The IMD rankings are based on a comprehensive analysis that assesses 342 factors, including economic activity, efficiency of government and business, and infrastructure.
In 2017, Kazakhstan improved its ranking by 16 positions in the Doing Business Report, jumping to 35th place from 51st.
The Doing Business Report is an annual study conducted by the World Bank Group that assesses the ease of doing business in 189 countries on the basis of 11 indicators.
More details on Doing Business in Kazakhstan 2017In 2015, Kazakhstan was ranked 56th in the Human Development Index (HDI), rising by 14 positions. In 2016, Kazakhstan retained 56th place.
The HDI is a summary measure of average achievement, examining various key aspects of human development, such as a long and healthy life, the acquisition of knowledge and access to a decent standard of living.
More detailsAktau port, only sea port of Kazakhstan, is located on the eastern coast of the Caspian Sea and is intended for worldwide transportation of various dry goods, crude oil and petroleum products. It operates 12 months a year.
Today, several countries are involved in implementing the major project — New Silk Road. It will provide overland railway transportation service between China and Europe via Kazakhstan and Russia.
Astana became the capital of Kazakhstan in 1997. Since then, the city has evolved into a modern metropolis with unique architecture, highly-developed infrastructure and efficient financial institutions.
The Astana International Financial Center (AIFC) has been launched, a financial hub for Central Asia, the South Caucasus, the Eurasian Economic Union, the Middle East, Western China, Mongolia and Europe. The AIFC is located at the site of Expo-2017.
The AIFC will adhere to the law of England and Wales, as well as the standards of leading global financial centers. AIFC participants will enjoy tax benefits for a period of 50 years.
Astana became the capital of Kazakhstan in 1997. Since then, the city has evolved into a modern metropolis with unique architecture, highly-developed infrastructure and efficient financial institutions.
The Astana International Financial Center (AIFC) has been launched, a financial hub for Central Asia, the South Caucasus, the Eurasian Economic Union, the Middle East, Western China, Mongolia and Europe. The AIFC is located at the site of Expo-2017.
The AIFC will adhere to the law of England and Wales, as well as the standards of leading global financial centers. AIFC participants will enjoy tax benefits for a period of 50 years.
One of Kazakhstan’s advantages is its long-term development strategy, which is already being implemented.
In December 2012, President Nursultan Nazarbayev presented the Development Strategy of the Republic of Kazakhstan until 2050 to the people of Kazakhstan. Its main goal is to create a welfare society based on a strong state, a developed economy and universal employment opportunities, as well as to raise Kazakhstan to the ranks of the 30 most developed countries in the world.
One of Kazakhstan’s advantages is its long-term development strategy, which is already being implemented.
In December 2012, President Nursultan Nazarbayev presented the Development Strategy of the Republic of Kazakhstan until 2050 to the people of Kazakhstan. Its main goal is to create a welfare society based on a strong state, a developed economy and universal employment opportunities, as well as to raise Kazakhstan to the ranks of the 30 most developed countries in the world.
Samruk-Kazyna’s sole shareholder is the Government of Kazakhstan.
The Fund was founded in 2008 by Decree of the President of Kazakhstan as an investment fund with the objective of enhancing the national welfare of Kazakhstan and supporting the modernization of the national economy.
Samruk-Kazyna is gradually becoming a world-class fund. According to the Sovereign Wealth Fund Institute, Samruk-Kazyna is among the 30 largest sovereign funds in the world, with assets under management of USD 67.4 billion.
Samruk-Kazyna’s sole shareholder is the Government of Kazakhstan.
The Fund was founded in 2008 by Decree of the President of Kazakhstan as an investment fund with the objective of enhancing the national welfare of Kazakhstan and supporting the modernization of the national economy.
Samruk-Kazyna is gradually becoming a world-class fund. According to the Sovereign Wealth Fund Institute, Samruk-Kazyna is among the 30 largest sovereign funds in the world, with assets under management of USD 67.4 billion.
Samruk-Kazyna’s portfolio companies employ over 327, 000 people. At the end of 2016, the Fund's consolidated profit amounted to USD 1,678,941,000.
In the first quarter of 2017, the Fund’s assets were over USD 70 billion. It is estimated that in 2021, the Fund’s assets will amount to USD 81 billion (according to the development plan for 2017-2021).
In 2017, planned investments in new and growing companies are estimated to amount to USD 229 million. By the end of 2021, the estimated cumulative investments in new and growing companies is set to be approximately USD 783 million (according to the development plan for 2017-2021).
Samruk-Kazyna’s portfolio companies employ over 327, 000 people. At the end of 2016, the Fund's consolidated profit amounted to USD 1,678,941,000.
In the first quarter of 2017, the Fund’s assets were over USD 70 billion. It is estimated that in 2021, the Fund’s assets will amount to USD 81 billion (according to the development plan for 2017-2021).
In 2017, planned investments in new and growing companies are estimated to amount to USD 229 million. By the end of 2021, the estimated cumulative investments in new and growing companies is set to be approximately USD 783 million (according to the development plan for 2017-2021).
Samruk-Kazyna is implementing a large-scale Transformation Program to become a leading strategic holding company.
The programme includes several key areas:
- Improving asset management
- Leading the implementation of the privatization program
- Forming an investment portfolio focused on new industries
- Transforming its portfolio companies
- Transitioning the Fund's corporate center into to a new functional model
- Ensuring financial stability
The key economic sectors in which the Fund operates are oil and gas, transportation and logistics, energy, metallurgy, the chemical industry and petrochemicals.
Samruk-Kazyna is implementing a large-scale Transformation Program to become a leading strategic holding company.
The programme includes several key areas:
- Improving asset management
- Leading the implementation of the privatization program
- Forming an investment portfolio focused on new industries
- Transforming its portfolio companies
- Transitioning the Fund's corporate center into to a new functional model
- Ensuring financial stability
The key economic sectors in which the Fund operates are oil and gas, transportation and logistics, energy, metallurgy, the chemical industry and petrochemicals.
Since 2014, Samruk-Kazyna has been a member of the International Forum of Sovereign Wealth Funds (IFSWF). IFSWF members adhere to 24 Santiago Principles, which define sovereign wealth funds' legal and institutional framework.
Samruk-Kazyna policies are in line with most of the Santiago Principles, especially those relating to transparency: in Q1 the Fund scored 10 points (the highest possible sore) in the Linaburg-Maduell Transparency Index for transparencyrankings among sovereign wealth funds.
Since 2014, Samruk-Kazyna has been a member of the International Forum of Sovereign Wealth Funds (IFSWF). IFSWF members adhere to 24 Santiago Principles, which define sovereign wealth funds' legal and institutional framework.
Samruk-Kazyna policies are in line with most of the Santiago Principles, especially those relating to transparency: in Q1 the Fund scored 10 points (the highest possible sore) in the Linaburg-Maduell Transparency Index for transparencyrankings among sovereign wealth funds.
Samruk-Energo is a strategic energy holding company with a mission to implement state policy on the electric power industry, including through the modernization of Kazakhstan's existing generating capacities, as well as introducing new capacities. Samruk-Energo JSC is a major diversified energy holding that has successfully integrated into the global energy ecosystem, delivers value to its shareholders, and aims to form a highly efficient energy supply system that provides sustainable development for all industries in Kazakhstan.
More on websiteSamruk-Energo is a strategic energy holding company with a mission to implement state policy on the electric power industry, including through the modernization of Kazakhstan's existing generating capacities, as well as introducing new capacities. Samruk-Energo JSC is a major diversified energy holding that has successfully integrated into the global energy ecosystem, delivers value to its shareholders, and aims to form a highly efficient energy supply system that provides sustainable development for all industries in Kazakhstan.
More on websiteKazakhtelecom is the leading telecommunications operator in Kazakhstan, providing a wide range of information and communications services. The company provides telephony (including ISDN), data network, broadband internet access, TV, hosting, SIP-telephony, and videoconference, telegraph and intelligent communication services.
More on websiteKazpost JSC is the national postal operator of Kazakhstan. It represents Postal Administration of Kazakhstan at the Universal Postal Union (UPU), is a member of the UPU Council of Administration since 2016 and represents a core element of Kazakhstan's national infrastructure. Currently, Kazpost is one of the largest companies in Kazakhstan and has over 22,000 employees.
More on websiteKazMunayGas (KMG) is the national company for the exploration, production, refining and transportation of hydrocarbons, representing the interests of the state in Kazakhstan’s oil and gas industry and comprising 220 companies. KazMunayGas has an oil and gas condensate production market share of over 25% in Kazakhstan, as well as a leading position in petroleum refining, pipeline transportation of oil and natural gas.
More on websiteAir Astana is a joint venture between Samruk-Kazyna and BAE Systems, owning 51% and 49% respectively. Air Astana commenced regular flight operations on 15 May 2002 and currently operates a network of 60 international and domestic flights from hubs in Almaty and Astana. Airline’s fleet consists of 31 aircrafts including Boeing 767-300ER, Boeing 757-200, Airbus A320, А320neo and Embraer E190.
More on websiteKazakhstan Temir Zholy (KTZ) is a transportation and logistics holding company providing infrastructure base to support economic growth in Kazakhstan. The company comprises logistics and transportation companies, owners of terminals and infrastructure networks for all transportation methods. KTZ provides railway and sea transportation, runs centers for transportation and logistics, and manages seaports, airports, railway and highway infrastructure.
More on websiteTau-Ken Samruk specializes in extraction and processing of solid minerals – ranging from base metals such as copper, iron to rare earth metals. The company also processes these metals. Successful implementation of objectives will make Tau-Ken Samruk aims to introduce the most advanced technologies and deepst global experience within the metals and mining industry.
More on websiteKazatomprom is a large national importer and exporter of uranium, rare metals and nuclear fuel for nuclear power plants. A Presidential Decree established the company in 1997. Kazakhstan has the world’s largest producer of natural uranium since 2009. Samruk-Kazyna is the company's sole shareholder.
More on websitePrivatization is a key development strategy for Kazakhstan. The second wave of privatization of state owned companies is under way and Samruk-Kazyna, as an operator of many state assets, is an active participant in this process.
As part of the Comprehensive Privatization Plan for 2016-2020, Samruk-Kazyna plans to sell 215 assets on a competitive basis.
Samruk-Kazyna 's portfolio contains companies in a variety of sectors: KazMunayGas, Kazakhstan Temir Zholy, Air Astana and Qazaq Air, Kazatomprom, Kazpost, Samruk Energo and KEGOC, Kazakhstan Engineering.
All major Fund assets are being prepared for an IPO. Six large companies (Kazatomprom, Air Astana, Kazpost, KazMunayGas, Samruk Energo and Kazakhstan Temir Zholy) have completed the first stage of pre-sale preparation.
Privatization is a key development strategy for Kazakhstan. The second wave of privatization of state owned companies is under way and Samruk-Kazyna, as an operator of many state assets, is an active participant in this process.
As part of the Comprehensive Privatization Plan for 2016-2020, Samruk-Kazyna plans to sell 215 assets on a competitive basis.
Samruk-Kazyna 's portfolio contains companies in a variety of sectors: KazMunayGas, Kazakhstan Temir Zholy, Air Astana and Qazaq Air, Kazatomprom, Kazpost, Samruk Energo and KEGOC, Kazakhstan Engineering.
All major Fund assets are being prepared for an IPO. Six large companies (Kazatomprom, Air Astana, Kazpost, KazMunayGas, Samruk Energo and Kazakhstan Temir Zholy) have completed the first stage of pre-sale preparation.
The Government of Kazakhstan and Samruk-Kazyna are interested in attracting foreign investment. At the same time, the country is working hard to create a favorable business climate for investors and to improve business conditions.
Kazakhstan is a friendly, rich, reliable and growing country. Partnering with Kazakhstan is beneficial not only in the short term, but also in the long term.