15 April 2008
Today, President Nursultan Nazarbayev Receives Kanat Bozumbayev, the Board Chairman of the Kazakhstani Holding for Managing State Assets Samruk JSC and Imangali Tasmagambetov, the mayor of the city of Astana

Kanat Bozumbayev presented to the President the new development strategy of the Kazakhstani Holding Samruk until 2015.

“According to the new strategy, Samruk will be transformed from its present administrative form to a managing holding and its main function will be adding value to its affiliated companies,” Kanat Bozumbayev said at a press briefing.

This document puts an emphasis on the following two key directions in the holding’s activities: formation of an effective investment portfolio and improvement of the efficiency of the holding itself.

In the future, the investment portfolio will be formed through an asset restructure. The holding plans to implement only those investment projects that have positive capital value by listing the company on stock exchanges.

“The President has approved major elements of the company’s strategy. Now, we are going to contact the Government in order to consider and discuss this strategy,” Kanat Bozumbayev said.

The President also received Astana’s mayor Imangali Tasmagambetov who familiarized the Head of State with the conception of celebrating the 10th anniversary of international presentation of the capital city.

Imangali Tasmagambetov said that the President approved the conception of the forthcoming jubilee.

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