PM Bektenov tasks to raise local content share in Samruk-Kazyna’s procurements

PM Bektenov tasks to raise local content share in Samruk-Kazyna’s procurements
Photo credit: gov.kz

Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of JSC Samruk-Kazyna National Welfare Fund on implementation of major investment projects, Kazinform News Agency learned from the Government’s press service.

The meeting discussed the state of the projects in oil and gas, petrochemical, energy, transport-logistics, and mining sectors.

44 projects worth 26.9 trillion tenge were included in the list of the Fund's strategic initiatives. Construction and assembly work on 11 of them has already been launched, with 53,000 jobs created during the construction period. 11,000 jobs were created during the exploitation period.

Special attention was given to the issues of raising financing of the priority projects. 105.1 billion tenge will be spent on gasification of facilities, 272 billion tenge will be spent on construction of rental housing, and over 680 billion tenge will be channeled to the implementation of investment projects. Samruk-Kazyna will also attract resources to expand and reconstruct Ekibastuz GRES-2, to build Taldykorgan-Usharal main gas pipeline, and Darbaza-Maktaaral railroad line.

The construction of the gas processing plant on the Kashagan field with the capacity of 1 billion cubic meters is underway. The goal of the project is to increase crude oil production and rational use of associated natural gas. The Fund also plans to build a gas-chemical combine and a gas separation unit.

The Head of the Government emphasized the importance of diversification of economy of the Fund and spend all excess liquidity on implementation of strategically important projects and support of key sectors.

Olzhas Bektenov tasked to increase local content share in the Fund’s procurement to 88%. In January-May 2024, this indicator was at 61%. The number of contracts concluded with the local producers in the reporting period rose twofold, compared to the last year indicators.

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