The Prime Minister of Kazakhstan

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Ministry of Finance: Privatization of large assets carried out according to the plan

04 July 2017, 13:34

The timeframe for the implementation of the major assets of the Samruk-Kazyna fund was adjusted in order to sell the objects at a more attractive price. Vice Minister of National Economy Berik Sholpankulov announced this at a press conference following the meeting of the Government.

Answering questions of journalists, B. Sholpankulov cited the example of Astana International Airport, where a new terminal was built.

"Upon completion of the construction, the cost of the airport increased. Was it worth it to sell at that time or did you have to wait until the price increased? I think everything is clear," the speaker said.

The same situation today with Kazatomprom.

"It is expected that the price of the products the company produces will grow and, accordingly, the value of the company will increase. With this in mind, we are waiting for the peak price in the market," the Vice Minister said.

For the realization of large companies, pre-sale preparation, evaluation, and search for potential investors are currently under way. Independent consultants for financial audit are involved. In accordance with the plan, the implementation of 17 large companies of NWF Samruk-Kazyna will occur in 2019-2020.