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Kazakhstan to transfer 325 facilities to a competitive environment in 2017

by April 10, 2017 World Sports

This was reported by Minister of Finance Bakhyt Sultanov at the Government meeting chaired by Prime Minister Bakytzhan Sagintayev.

Since 2016, according to the Comprehensive Privatization Plan, 198 facilities have been sold for 51 billion tenge, including facilities of National ownership for 7 billion tenge, 95 facilities of municipal property for 5 billion tenge, 85 facilities of quasi-public sector for 39 billion tenge. Implementation of the Comprehensive Privatization Plan for the current date, accounting for reorganized and liquidated facilities, is 47%.

To implement the Presidential instructions in 2017, 325 facilities are planned for sale, including 30 facilities of National ownership, 177 facilities of municipal property, 67 facilities of National Holding companies, and 51 facilities of SEC. In 2018, 61 facilities are to be sold.

In 2017, it is planned to sell 29 top facilities, including: 20 � JSC NWF Samruk Kazyna, 1 � JSC NHC Baiterek and 8 top facilities of National ownership. In 2018, it is planned to sell 21 top facilities, of which: 1 � of municipal property, 10 � JSC NWF Samruk Kazyna, 3 � JSC NHC Baiterek, 3 � JSC NHC KazAgro, and 4 � of National ownership, � B. Sultanov said.

The sale of 18 largest companies of JSC NWF Samruk Kazyna is planned in 2019-2020, of which � 8 top companies within the framework of IPO/SPO.

Additionally, amendments have been made to the Rules for the Sale of Privatization Targets, which will allow concluding electronic contracts with digital signatures with buyers based on results of conducted auctions. This will facilitate the procedure of concluding sales contracts and eliminate unnecessary contact with the seller, � B. Sultanov concluded.

Recall, the Head of State in his Presidential Address Third Modernization of Kazakhstan: Global Competitiveness” instructed to accelerate and complete the privatization of organizations under the Comprehensive Plan by the end of 2018.

Source: Government of the Republic of Kazakhstan