Chairman of the Management Board of NMH "Baiterek" JSC met with the QIC team

On March 3, Chairman of the Management Board of NMH "Baiterek" JSC, Mr. Kanat Sharlapayev met with the staff of Qazaqstan Investment Corporation JSC. During the meeting, the Chairman of the Management Board of QIC Ainur Kuatova shared the key results of activities and plans for the current year. "QIC is a member of 17 funds, the amount of cumulative investments is 2.4 billion US dollars. The transport and logistics sector accounts for the largest share in the QIC portfolio – 40%, agriculture -23% and energy – 15%. There are 60 projects in the Company's portfolio, of which Kazakhstani projects account for 96% share. 100% of all investments are investments in the non-resource sector of Kazakhstan, while for every $1 invested, QIC attracts $2.1 from international partners. In 2022, QIC joined the UN PRI (UN-supported Principles for Responsible Investment) Association and became the first quasi-public financial institution in the CIS to join the leading international network of institutional investors committed to the concept of implementing ESG standards in their activities,"- Ainur Kuatova noted. The Company plans to create new portfolio funds with large international investors and finance projects in the processing sector through QIC captive funds in 2023. Mr. Kanat Sharlapayev supported the announced initiatives and outlined the importance of the role of QIC in the formation of private equity infrastructure in Kazakhstan.