Samruk-Kazyna's leader addressed the suggestion put forth by a deputy, seeking to disband the fund.
Samruk-Kazyna Responds to Allegations and Audit Proposals
In a recent development, Nurbek Zhakov, the head of Kazakhstan's sovereign wealth fund, Samruk-Kazyna, addressed questions concerning the fund's efficiency and a pending audit.
According to Zhakov, Samruk-Kazyna paid a significant sum in taxes last year, with around 1.4 trillion tenge going directly to the state. The fund's total tax contribution was 2.2 trillion tenge.
These comments come in response to statements by parliamentary deputies questioning the fund's effectiveness and raising the possibility of an audit. On May 19, 2025, Nurlan Nurjanov, a member of the Supreme Audit Chamber, responded to a proposal in the Mazhilis to dissolve the fund, made by a deputy.
While details about recent audits or controversies directly related to Samruk-Kazyna's efficiency are not readily available, the fund plays a pivotal role in Kazakhstan's economic development. As a major player in various sectors, including energy, finance, and transportation, the fund is regularly assessed on its ability to manage these assets effectively and contribute to the country's economic diversification.
Recently, Samruk-Kazyna has been involved in significant initiatives. One such endeavor is its partnership with Masdar, a UAE-based renewable energy company. This collaboration aims to develop renewable energy projects in Kazakhstan, potentially providing up to 500 MW of baseload renewable energy and battery energy storage system (BESS) projects with a capacity of up to 2 GW [1][2]. Additionally, Samruk-Kazyna has been part of a broader initiative to develop a 1 GW wind project in Kazakhstan [1][2].
The ongoing efforts to improve transparency and attract investors are evident in the banking sector reforms led by the National Bank of Kazakhstan under Erbolat Dosaev's leadership [3]. However, the specific performance and audit findings of Samruk-Kazyna are not specifically detailed in the available search results.
I, as a concerned citizen, have taken note of the ongoing discussions about Samruk-Kazyna's performance and potential audits in the realm of politics and general-news. Given the fund's significant involvement in Kazakhstan's business sectors such as finance and energy, it is crucial to understand its role and efficiency in the broader context of the nation's economic development.
