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Thursday, December 3rd, 2020

B.Sagintayev held meeting of Council on investment climate improvement

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During the meeting of the council, the participants of the event discussed recomendations on improving the procedures for the privatization program for the objects of the republican property and the quasi-public sector, as well as for the participation of foreign companies in the privatization process from the top-65 list.

The Council on investment climate improvement was created by the Government of Kazakhstan in March 2012 and it is a consultative and advisory body under the Government of Kazakhstan. The Chairman of the Council is the Prime Minister of Kazakhstan.

In December 2015, the Government of Kazakhstan adopted the Comprehensive Plan of Privatization for 2016-2020 and formed a list of 783 organizations to be sold and transferred to a competitive environment. A feature of this Comprehensive Plan is the inclusion of large facilities in the top-65.

It includes large and most attractive companies of the state and quasi-public sectors (“Samruk-Kazyna”, “Baiterek” and “KazAgro”) with a book value of more than 5 billion tenge each. Among them are the International Airport Astana, “Tauken-Samruk”, “Kazakhtelecom” (45.9%), “Atyrau Oil Refinery”, “Pavlodar Petrochemical Plant” (42%), “Aktau International Sea Trade Port” and others.

Source: Kazakhstan 2050

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