Samruk-Kazyna plans to launch 16 investment projects worth USD 2bn by yearend

ASTANA. July 31. KAZINFORM National Welfare Fund "Samruk-Kazyna" is planning to put into service 16 investment project by yearend, Chairman of the Fund Umirzak Shukeyev told a session on the results of the first halfyear work of the fund's subsidiaries, Kazinform has learnt from

"By the end of this year we are planning to launch 16 investment projects totaling 2 billion U.S. dollars. Among them are the project on reconstruction of Stepnogorsk plant, construction of a refinery in Astana, production of bitumen at Aktau plastics plant," Shukeyev said.

The Fund's investment portfolio includes 74 projects worth 49 billion U.S. dollars. In addition, 53 projects totaling 22 billion U.S. dollars are at the stage of development.

These projects will create new products with high added value, increase the depth of complex processing of local raw materials and create 72,000 new jobs for the construction period and 28,000 permanent jobs.

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