Prime Minister Olzhas Bektenov criticised the management of Samruk-Kazyna JSC and its subsidiaries for missing deadlines on investment projects. Following the meeting of the Fund's Board of Directors, he instructed that control over construction and the timely commissioning of facilities be strengthened.
FINANCIAL INDICATORS AND INVESTMENT PROJECTS
At the meeting of the Board of Directors of Samruk-Kazyna JSC, the results of activities for the nine months of 2026 were reviewed. The Chairman of the Fund's Management Board, Nurlan Zhakupov, reported that revenue increased by 13%, and net profit by 19%. The plan for key production indicators was fulfilled.
The Board of Directors also reviewed the progress of 69 major investment projects with a total value of KZT 43.8 trillion. For 44 projects, construction and installation work is already under way, while the rest are at various stages of implementation.
WHICH PROJECTS THE FUND IS IMPLEMENTING
The bulk of the investments falls on the oil and gas industry, petrochemicals and conventional generation. The portfolio also includes gas transmission and energy infrastructure, transport and communications projects.
In October, a 380 km fibre-optic communication line was launched between Kazakhstan and Azerbaijan. Yuan-denominated bonds worth CNY 3 billion were placed on the Hong Kong Stock Exchange and the Astana International Exchange.
In addition, in October, the first freight train carrying Kazakh coal to Uzbekistan was dispatched along the new Darbaza — Maktaaral railway line.
PROCUREMENT FROM KAZAKH COMPANIES
Over the nine months of 2026, the Fund's procurement from Kazakh companies amounted to about KZT 1.4 trillion. This is 45% more than in the same period last year. The volume of offtake contracts reached KZT 73 billion.
WHAT INSTRUCTIONS BEKTENOV GAVE
Following the meeting, the Prime Minister demanded that control over compliance with the deadlines for implementing investment projects be strengthened and that the share of local content in purchased goods, works and services be increased.
Special attention was instructed to be paid to the timely commissioning of generating capacity in Turkestan, Kyzylorda, Almaty and Ekibastuz, as well as to the construction of gas processing plants.
